Question

I have nephews and nieces who are the benefactors in my will. I am single and have been receiving the full age pension for many years.

One of my nieces has a large family who will need a bigger house in a few years. Can l give her my title deeds so that at a later time, if I need to go to residential aged care, l am free of property ownership?

I want to find out my position before discussing this with my niece.

Answer

There are a few things to consider. While you can definitely give the title deeds to your niece, that in itself has no effect.

The change of ownership of the property needs to be lodged with Landgate and there are a number of forms and fees to be paid. A settlement agent can assist here. Your niece will need to pay stamp duty on the market value of the home, wh

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