• Ask questions, find the right answers and access the best expertise
  • Q&A - expert advice
Andrew K.
Andrew K.
Sussex Inlet, NSW
0 Likes
0 Followers
Q:

Can a child of 7 Years old buy a property using her deceased mothers life insurance/super payout?

2 weeks ago

Responses

Hi Andrew,

The money from the deceased mothers estate will likely have to be held in trust until the child turns 18.

The executor of the estate may be able to purchase a house with the money for the benefit of the child - if that was deemed to be acting in the best interests of the child, you'd want to speak with an estate planning lawyer regarding this.

Regards
James

Your Answer

If you wish to include a video or audio response, you can do this by including links to Youtube, Vimeo or SoundCloud (https://www.youtube.com/watch?v=xxxxxxxxxx OR https://vimeo.com/xxxxxxxxx)

<% error.message %>