Financial Protection

Gifts and loans

BEFORE you transfer money or assets to a family member or friend, it is important to document (and differentiate) whether the exchange is a gift or loan, as well as whether there are other conditions attached to the exchange. To learn more, try the following:

Someone owes me money

(Legal Aid Queensland)

Sharing a home with family

Making the choice to live with family members comes with some particular legal considerations. Regardless of the housing situation, it is recommended that you seek advice and make formal agreements prior. To learn more:

Living with your adult child?

( - YouTube)


Many older people consider exchanging their property and/or assets in exchange for the right to live somewhere, as well as ongoing support and care into the future. Usually, these agreements are made between family members and are sometimes referred to as ‘assets for care’ arrangements. Many families make verbal or informal agreements, however a formal or documented agreement is almost always preferable, particularly if things don’t work out. To learn more about family agreements and how they can be used in these circumstances you can view the following resources:

Family Agreements: An Introduction

( - YouTube)

Reverse mortgages/ equity release

Reverse mortgages and other methods of raising money from the family home should be considered very carefully. To learn more read:

Where to find financial advice

Approaching retirement (and beyond) often presents people with big financial decisions that need to be approached carefully. In particular, you need to consider who and where you seek advice from, in order to make informed decisions.

Walking with your eyes open video

(UnitingCare, Elder Abuse Prevention Unit)

Retirement villages and manufactured homes

The Caxton Legal website hosts a number of factsheets on topics related to retirement living, retirement villages and manufactured homes.

A checklist for prospective residents of retirement villages

(Caxton Legal - Queensland Law Handbook)

Elder Abuse Prevention Unit