Are you considering Aged Care for someone?
Sound Financial Advice will Help you to make the Best Aged Care Decisions for your Loved One.
The decision to start looking at aged care facilities can be tough for both the person looking at entering the home and their loved ones. Emotionally, the aged relative may feel like they are losing their independence and resent the need for extra care. For the family, feelings of guilt can stress can arise; there is a very emotionally charged decision to make.
Out of the turmoil; financial questions arise:
Should we keep the family home? How much can we afford to pay? How much support will Centrelink provide?
Everybody wants to be able to afford the best possible care for their loved one. However, because these decisions often have to be made in a short time frame, without full understanding of the regulations and legislation, less than ideal outcomes can manifest. This is why it is important to seek financial advice to ensure your loved one is in the best possible position they can be in.
As everyone’s situation is unique, it is best to seek advice relevant to your personal situation. Partners In Wealth can help with:
Assessing whether the home can be retained.
Centrelink and DVA benefits
Ensuring that loved ones are taken care of and that people are treated with the dignity they deserve.
Things you should know about aged care
At Partners In Wealth we are up to date with all of the latest Aged Care rules, regulations and legislation. The recent changes to the legislation has given rise to many new terms and acronyms and definitions. It can be confronting and confusing without the proper advice.
This is where we can help – we will assist you to sort out the RADS, the DAPS and a lot more besides.