Apologies in advance if this becomes a long post or if it's in the wrong section, thought it would be most relevant here: Situation: - Pop has a reverse mortgage on his property to the tune of about 150k and growing. I would estimate the properties value around 350k-400k. - Pop has no savings and lives off his pension. - Mum is an only child and the home will be left to her but pop is fearing at this rate he will have nothing to leave her. - Mum is also on a carer pension for pop, has some savings invested into a share investment folio and also recieves rental assistance as she recently sold her home to live a more comfortable life. - There are 3 of us kids, 2 can service debt whilst the other has a bad credit file. So that is the background and I have just started to think is there anyway to get pop out of this and create a win/win/win for all effected. My initial thought has been could pop sell the home to me or the kids as tenants in common at the cost of the current mortgage (150k). This would be way under market value and I understand stamp duty would still be charged at market value. By doing so pop would then basically lose that asset and become homeless which would then result in potentially an increase in his pension and also recievel of rental assistance. On I/O at 5% the repayments would only be $625 which pop May recieve as an increase to his pension and rent assistance? Pop could then pay that as "rent" basically making the property totally neutral. So the end result from my very limited understanding and likely have not considered a whole bunch of issues (and note my objective would never be to do something dodgey to recieve increased centrelink) would be: - No change to pops expenses. He would still have the same amount to live on. - The bank is no longer taking his home day by day - No cashflow effect to me/us for purchasing it, although we would take a servicing hit - Protection of mums inheritance without changing her current lifestyle. The part I have not thought a heap about yet is what will happen to the property when it would normally have passed to mum. I have some ideas most notably I could develop it but that requires more consideration. Would love to hear some feedback.