Keep Centrelink happy when you leave money for your kids

By Noel Whittaker
Updated October 24 2017 - 2:18pm, first published 2:12pm

We read your recent excellent article about wills and ways to ensure the survivor keeps the single pension when one partner dies. The investments we have that would pass to the children are mainly bank accounts in joint names. If we moved these to single ownership would the half share of these accounts technically owned by the surviving spouse be classed as a gift and therefore invoke the Centrelink deprivation rules and defeat the purpose of the exercise?

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Tamworth news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.