Melanie Joosten

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If you are considering entering into a formal Family Agreement here are a few tips to consider.

This helpful checklist is a great place to start. It includes summary information about making Family Agreements as well as what to do when things go wrong and where to seek help.

Many intergenerational households come about as a cultural norm or a way of providing care for ageing parents or grandchildren.

While many people enter into family agreements to ensure they receive some extra support as they age, often a driving motivation is to provide support for their family.

Older people can receive the age pension through Centrelink/Services Australia, with the amount received dependent on their income and assets.

Unfortunately, family agreements don't always work out. This can leave an older person in a difficult position, find out what to do when things go wrong.

There are many steps to arranging formal family arrangements. This outline will help you understand where to start.

A family agreement should include everyone’s contributions, what they expect in return, and what should happen if the agreement ends.

A family agreement is an arrangement between an older person and someone else regarding care and living arrangements.

Research shows that social isolation and loneliness in older adults leads to poor health and wellbeing.