Written and reviewed by Mary Benton — Australian financial planner specialising in retirement, practising since 2005.
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Family Assessment Quiz
Answer these 10 questions to identify potential risks and get personalised recommendations for your granny flat decision. Takes about 5 minutes.
Question 1 of 10
10%
1
How many children do you have?
This affects estate planning considerations
2
Is your spouse/partner fully on board with this decision?
Alignment between partners is essential
3
What is your child's relationship status?
Their partner situation affects your security
4
How much are you planning to contribute?
Amount affects Centrelink assessment and stakes
5
What's prompting this decision?
Understanding motivation helps identify potential issues
6
What legal documentation are you planning?
Protection level affects your security
7
Does your child have any financial concerns?
Their financial stability affects your security
8
Have you discussed what happens if things don't work out?
Exit planning prevents bigger problems later
9
What is your current health status?
Affects aged care planning and timing
10
Are all your children involved in discussions about this arrangement?
Inclusion prevents resentment and disputes
Your Assessment Results
Your Risk Score
0
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Accuracy Note: Whilst every effort has been made to provide current and accurate information, I am only one person and there's a very good chance that I'll miss something. If you spot a factual error, or if a calculator breaks or gives incorrect answers, I'd be really grateful if you could let me know via the Contact Us page so I can fix it ASAP.