Be aware of how trust funds are attributed

By Noel Whittaker
Updated June 28 2018 - 1:31pm, first published March 28 2017 - 12:00am
Be aware of how trust funds are attributed
Be aware of how trust funds are attributed

Your money Q&A with Noel Whittaker

Q THIRTY years ago my mother-in-law passed away and left our five children $20,000 each. We invested it in a house for them and were the trustees. All are now adults. When my wife and I applied for the age pension, Centrelink attributed $500,000 to our assets because we said we had been part of a family trust.

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