Family care arrangements where elderly parents give their assets to adult children in exchange for accommodation and care are becoming more common, sometimes with dire consequences.
Macquarie University associate law lecturer and PhD student Teresa Somes said the trend was likely to continue given the ageing population and concerns about the cost and quality of aged care, likely to be exacerbated by the royal commission.
Another driver is poor housing affordability in the big cities, with family members seeing an exchange of assets for care as win-win.
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Source: The Brisbane Times
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