The Sydney Morning Herald --- Page: 6-7 : 11 April 2007 Original article by Kelsey Munro
ABIX Summary
Given a growing number of parents are helping offspring to buy property, there are concerns about legal issues. According to Trevor Maloney, a retired partner of PricewaterhouseCoopers, legal advice about the terms of a mortgage loan are sensible in case de facto and or married couples separate. A Holding Redlich expert in family law, Wendy Jenkins, considers gifts problematic under the Federal Family Law Act. She recommends loan agreements and seeking legal advice prior to any money changing hands.
