Estate Planning

What is the difference between Dependency Declaration and Family Allowance Agreement?

A family allowance is an agreement by parents to financially support their children and their families. A dependency declaration is for a member of a fund to affirm who is a dependant in their eyes. Ideally you would do both if providing financial support.

 

 

Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact Abbott & Mourly directly.
Reviewed: 17/01/2024