Should I give all my assets to my sister to avoid a will dispute?
I have a terminal illness and don’t expect to live more than 12 months. I went through an unpleasant divorce nine years ago and the family is still fractured. As a result, I am concerned that my will may be contested. My main asset is my home. I also have some super. Should I transfer my home to my sister, who I trust fully? She is both the executor of my estate and also the primary beneficiary. I am 68 and live off a combination of age pension and superannuation.
First, I’m very sorry to hear of your illness. I hope you can enjoy some happy times in the months ahead. Second, this is primarily a question for your solicitor, so please recognise that my comments are limited to the financial planning realm.
A potentially contested estate can throw up all sorts of problems, none of them with a simple solution.Credit: Simon Letch
Centrelink implications are an obvious place to start. In transferring your home to your sister, there........
© The Age
