Aged care is a serious matter, one fraught with emotional and financial hurdles for everyone involved. But in an ageing population like ours, finding and paying for the right type of care is something we all need to prepare for.

This is especially more so given the changes that have occurred over the last few years. While the changes are designed to bring in some consistency with charges for Aged Care, it has made it more complex to work out what the fees are that you will be asked to pay. We can help you through this maze!

Aged Care costs can vary enormously between facilities and from resident to resident. Understanding the rules, so that costs are minimised and investment outcomes are maximised is a specialist task and one that you should seek help with. Get it wrong and you could pay thousands in additional costs and lost pension payments. Additionally, the correct structuring of investment assets can mean they grow rather than depreciate, during the time a person is in aged care. This latter aspect is obviously an important consideration for estate planning.

Should you have any further questions please click here to email us.

Families who have a member in need of Aged Care.

This is especially important for those members entering into High Care.

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• To obtain sufficient knowledge upon which to get the best outcome for your family member.
• Effective funding. Refundable Accommodation Deposit (RAD), Daily Accommodation Payment (DAP), Basic Daily Care Fees, Means-tested Care Fees, Additional Services Fees? Finding your way through the maze of these fees and charges is daunting and can be confusing.
• Even if youve never dealt with Centrelink before, they or the Department of Veterans Affairs (DVA) plays the central role in assessing your level of income and assets, which in turn determine level of fees you pay and the maximum level of accommodation bond for pensioners and self-funded retirees.
• Questions arise about selling the family home. Or renting it out, or borrowing against it to fund aged care? Should you do this? What impact will the capital or the income have on your fees and charges?
• The Aged Care facility? Can fees be negotiated? Sometimes its possible but what and how will it affect your fees and pension?
• Structuring your assets and income correctly before seeing Centrelink or a facility can save you thousands of dollars.

 

Should you have any further questions please click here to email us.

The earlier that this process is started the better.

Whether you are looking at Low or High care, expect to pay charges. It may be an Refundable Accommodation Deposit or an Accommodation charge. It may even be a combination of these.

Talk to us before you approach Centrelink or an Aged Care facility. We will assess your overall situation and recommend the best way to structure your assets/income for the best outcome both with the facility and Centrelink and, as far as possible, preserving your capital.

Should you have any further questions please click here to email us.

Advice ranges from pure information/education through to specific strategy recommendations and on to support and assistance with negotiations and placement.

Should you have any further questions please click here to email us.

Everything starts with our first meeting.

Once we have a full picture of the situation and discussed the areas of advice required, we will prepare a written Statement of Advice for you. This will be the document from which others follow such as our Records of Advice. The journey continues until such time as you no longer need our advice.

We strongly recommend that family members are involved at all times.

There are cases where information will be required from third parties. We can facilitate this with your written permission.

We do not pass any information to others without your written consent.

Should you have any further questions please click here to email us.