Dad

Financial adviser Patricia Howard has seen many families torn apart by unintended financial consequences from using the bank of mum and dad. Picture: Supplied. Families who use the bank of…

John Howard, creator of the current capital gains tax regime, and wife Janette have recently become bank of mum and dad property investors – and thereby caught up in the…

“My parents knew nothing about finance and investing, so my buddies and I had to figure it out on our own.”

When my dad passed away in early 2023, my brother and me inherited about $118,000 in various accounts. We can consider this my parent’s money but essentially we still have…

“This is not a money grab on our part.”

If you are a parent, your mission is clear: develop into a rich Bank of Mom & Dad to save your children. Without your financial support, they might never launch.…

“My sister did nothing because she was a girl, and my brother was too young to help.”