Summary - Too Long Did Not Read
Using a Deed of Gift means any gifted money becomes relationship property. The money becomes relationship property when gifted to them both, or if gifted to Ernie when it is intermingled with a relationship asset (the house).
Using a Deed of Acknowledgement of Debt means any money becomes relationship debt. If it is important that your child’s partner (e.g. Bert) does not have a claim to any money provided then a couple should enter into a Deed of Acknowledgement of Debt or a Contracting Out Agreement.
