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  1. M

    Mum needs help in retirement

    Dean, I have NEVER said you are trying to rort your mum. I have asked several times what your mum wants, firstly in post #7, and this is the first time you have given the details of your mum's age and actually told us that this is what she wants. By giving the full details you make it...
  2. M

    Mum needs help in retirement

    What if mum wants to move? What if there is a falling out? What if the son's financial circumstances change? What if (God forbid) Dean dies? And is married with children? They will have prior claim on ALL of HIS assets. Once the asset belongs to another then mum has no more...
  3. M

    Mum needs help in retirement

    Probably inevitable as both mum and dad finished up in nursing homes with Alzheimers. I'll put it off as long as possible, though. Marg
  4. M

    Mum needs help in retirement

    What does your Mum want? So far we have heard what you think she SHOULD do, but what are HER thoughts? Not wanting to sound snippy, but I am approaching retirement and would be more than a little put out if one of my adult kids came and suggested we sell OUR home to them at half price!!! Marg
  5. M

    Mum needs help in retirement

    I was talking about FOR NOW. I don't think it is necessary to rush into a decision to dispose of her home at this stage. Marg
  6. M

    Mum needs help in retirement

    I think the idea of selling a person's home to another at a reduced price needs very careful consideration. Yes, it is to family. Yes, she will get cheap (or no) rent BUT For many retirees their home is their major asset. There are many things that can go wrong with the above...
  7. M

    Mum needs help in retirement

    Is your mum concerned about her situation? She has quite a bit of superannuation up her sleeve, so talk of downsizing or reverse mortgages seems a little premature. These actions may be necessary in the future, but for now it may be best to let her enjoy her home. Marg
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