Aged Care Planning
Preparing the way for yourself or a loved one to enter residential aged care can be a difficult and stressful task. But you don’t have to face it alone. Getting advice can guide you through the process, providing professional advice and support to create effective solutions for your family. The role of an adviser and the value of professional advice.
As your adviser we can:
- Plan your care needs
- Help you and your family to understand the range of care options and how the aged care system works.
- Outline the steps ahead to help you find and access the right type of care.
- Act as a central reference point to clear and relevant information on aged care and how your financials are impacted.
- Help set your priorities
- Help you to identify what’s important and achieve your goals and objectives.
- Financial Review
- We can review your financial situation to help provide solutions that meet your goals and objectives
- Help you to evaluate what you can afford so you can focus on searching for a suitable aged care services (Home or Residential service)
- Estimate Fees
- Explain the range of fees and how they are calculated to estimate what you might need to pay.
- Option to pay for services
- Determine the financial implications of keeping or selling your home.
- Evaluate the options and strategy for your payment of services (Home Care or Residential Care)
- Review the potential for strategies to maximise your aged pension and minimise aged care fees.
- Strategies to improve cashflow
- Develop strategies that generate a regular and reliable income to cover your daily care fees and other living expenses.
- Design Strategies that take into account your family situation and estate planning needs.
- Estate Planning
- Highlight the implications of investment decisions on your estate plan to help avoid unintended consequences
- Discuss the importance of an enduring power of attorney and Guardianship/Advance Care Directives
