Inheritance and right of residence – the tax implications and potential pitfalls

A right of residence arrangement can lead to complex family dynamics. Photo: Getty

Elder care – and the cost of it – is a hot topic as we age for longer and better than ever before.

While families don’t like the idea of putting a loved one in a nursing home, once at-home care options are exhausted or unsuitable, having mum or dad come live with you is one option, although it’s not for everyone.

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