Understanding Granny Flat Agreements in NSW

As parents get older, many families start thinking about whether Mum, Dad or another elderly relative should move in with an adult child.

It may be for care, companionship, financial reasons, or to avoid residential aged care.

These arrangements can work well, but they can also become complicated when money, property, care responsibilities or inheritance issues are involved.

Download WMD Law’s free guide, Understanding Granny Flat Agreements in NSW, to learn what your family should consider before entering into a granny flat arrangement.

WHAT YOU’LL LEARN

Inside the guide, you’ll discover:

• what a granny flat agreement can involve
• why these arrangements are not always just about building a separate dwelling
• what should be documented before money, property or assets are transferred
• how to clarify care responsibilities, household costs and living arrangements
• what can happen if the property is sold, care needs change or family relationships break down
• why siblings, beneficiaries and estate planning issues should be considered early
• how Centrelink, tax and aged care considerations may arise
• why independent legal advice is important before the arrangement is finalised.

Download the guide today and take the first step toward certainty and protection, simply complete the form for instant access.