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In all of these situations you have to think what can go wrong: death divorce bankruptcy incapacity disputes cashflow timing issues etc Think for all parties - what if the lender dies, but what if the borrower dies?

A loan is always an asset of the lender. If you paid your mum interest are you saying that centrelink won't deem this income at the rate you pay her? I would have thought they would have.

Seek legal and financial advice. First thing talk to Centrelink, they are pretty helpful. 2nd don't assume your mum will inherit - she probably will but many things can happen such as: 1. will invalid 2. someone else pops up to make a family provision claim 3. mum dies first. 4. grand dad...