My partner's father passed away 2 weeks ago. While cleaning the house the mother found about 50k all in $100 bills hidden under the house.
She wants to give it to my partner to put in the bank in my partners name. The problem is if she puts it in a term deposit all in one hit would it not raise some eyebrows at the bank and with the ATO.
The mother is 83 years of age and doesn't really need the money. Would it affect her pension?
The money is all legal he has been putting it all away from his pension for years. (typical Italian).