Aged Care Advice
5 questions you need answered when entering aged care
The emotional and financial upheaval of moving a family member into residential aged care is a daunting experience. If the complexities involved seem overwhelming, then perhaps our professional advice can help. You may have already had contact with an Aged Care Assessment Team to decide if residential aged care is an option. ACAT approval, however, is only the start of the process. There is a maze of legislation, entitlements and Centrelink assessments to contend with, as you may already have discovered.
5 Questions You Need Answered
Fortunately, support is at hand to aid you and your loved one to cope with all this.
We have identified 5 key questions that most people in this situation will need to have answered to alleviate worry and avoid spending more than is necessary to achieve the best care.
These questions are:
What are the accommodation options?
How much is it going to cost?
Does the family home need to be sold?
What are the impacts on the age pension?
How can ongoing income be maximised?
My speciality is in helping you find the right answers to these questions to ease the financial burden and make the transition as smooth as possible. Our professional and qualified advice can show you how to structure your financial affairs to reduce your aged care fees and provide you with ongoing income opportunities. Why face these questions alone, when you can get expert advice based on real experience with the aged care system.
Let’s work together to achieve a positive outcome
Our team will work with you, your family, solicitors, accountants, and Aged Care Providers to achieve the following outcomes for you:
Provide you with the appropriate information to help you negotiate with aged care facilities, to ensure you secure a desired placement & acceptable fee structure
Decide on the most favourable strategy for the family home in order to optimise accommodation costs & aged pension entitlements
Calculate if an accommodation payment or contribution is payable and how you can effectively structure your assets to fund this.
Evaluate options for paying a refundable accommodation deposit (RAD) or daily accommodation payments (DAP) while ensuring that Centrelink benefits are not negatively affected.
Determine how ongoing accommodation fees can be minimised and pension entitlements can be maximised, through the structuring of investment assets & implementation of financial planning strategies.
Use financial planning strategies to structure financial & personal assets in order to minimise your tax liability.
Structure your estate plan to ensure the transfer of assets to beneficiaries reflect your current wishes.
Regular reviews of your situation to maintain the effectiveness of your strategy.
If this is a situation you or someone close to you is facing please contact us for a confidential appointment.
Our Newcastle financial planners also have offices in Sydney and help clients across the local areas including Newcastle Aged Care Advice(Merewether Aged Care Advice, The Junction Aged Care Advice, The Hill Aged Care Advice, Bar Beach Aged Care Advice, Newcastle West Aged Care Advice, Hamilton Aged Care Advice, Adamstown Aged Care Advice, Redhead Aged Care Advice, Whitebridge Aged Care Advice, Kotara Aged Care Advice, New Lambton Aged Care Advice, Mayfield Aged Care Advice), Maitland Aged Care Advice (Morpeth Aged Care Advice, Lorn Aged Care Advice, Rutherford Aged Care Advice, Aberglasslyn Aged Care Advice, Metford Aged Care Advice, Beresfied Aged Care Advice), The bay Aged Care Advice (Medowie Aged Care Advice, Fern Bay Aged Care Advice, Fullerton Cove Aged Care Advice, Anna Bay Aged Care Advice, Nelson Bay Aged Care Advice, Shoal Bay Aged Care Advice, Tea Gardens Aged Care Advice, Hawks Nest Aged Care Advice), Lake Macquarie Aged Care Advice (Cardiff Aged Care Advice, Glendale Aged Care Advice, Speers Point Aged Care Advice, Fennell Bay Aged Care Advice, Bolton Point Aged Care Advice, Coal Point Aged Care Advice, Toronto Aged Care Advice, Valentine Aged Care Advice, Belmont Aged Care Advice, Eleebana Aged Care Advice, Warners Bay Aged Care Advice, Caves Beach Aged Care Advice), Hunter Valley Aged Care Advice (Muswellbrook Aged Care Advice, Scone financial Aged Care Advice, Pokolbin Aged Care Advice, Cessnock Aged Care Advice, Singleton Aged Care Advice, Broke Aged Care Advice,Rothbury Aged Care Advice, Central Coast Aged Care Advice The Entrance Aged Care Advice, Bateau Bay Aged Care, Berkeley Vale Aged Care, Tuggerah Aged Care Advice, Wamberal Aged Care Advice, Terrigal Aged Care Advice, Erina Aged Care Advice, Avoca Aged Care Advice, Gosford Aged Care Advice, Woy Woy Aged Care Advice, Picketts Valley Aged Care Advice & Sydney Aged Care Advice
Looking for Aged Care advice in Newcastle, Looking for a Financial planner or a Financial adviser in Merewether, Looking for a Financial planner or a Financial adviser in The Junction, Looking for a Financial planner or a Financial adviser in Maitland, Looking for a Financial planner or a Financial adviser in Nelson Bay, Looking for a Financial planner or a Financial adviser in Hunter Valley, Looking for a Financial planner or a Financial adviser in Central Coast, Looking for a Financial planner or a Financial adviser in Lake Macquarie, Looking for a Financial planner or a Financial adviser in Warners Bay, Looking for a Financial planner or a Financial adviser in Sydney, Looking for a Financial planner or a Financial adviser in Castle Hill, Looking for a Financial planner or a Financial adviser in Rouse Hill, Looking for a Financial planner or a Financial adviser in Northern Beaches, Looking for a Financial planner or a Financial adviser in Central West, Looking for a Financial planner or a Financial adviser in Grenfell, Looking for a Financial planner or a Financial adviser in Coffs Harbour, Looking for a Financial planner or a Financial adviser in Grafton, Looking for a Financial planner or a Financial adviser in Port Macquarie, Looking for a Financial planner or a Financial adviser in Dulwich Hill, Looking for a Financial planner or a Financial adviser in Bondi, Looking for a Financial planner or a Financial adviser in The Entrance, Looking for a Financial planner or a Financial adviser in Terrigal, Looking for a Financial planner or a Financial adviser in Gosford, Looking for a Financial planner or a Financial adviser in Woy Woy, Looking for a Financial planner or a Financial adviser in Singleton, Looking for a Financial planner or a Financial adviser in Coal Point.
Best financial planning in Newcastle, Best financial planning in Merewether, Best financial planning in The Junction, Best financial planning in Maitland, Best financial planning in Nelson Bay, Best financial planning in Hunter Valley, Best financial planning in Central Coast, Best financial planning in Lake Macquarie, Best financial planning in Warners Bay, Best financial planning in Sydney, Best financial planning in Castle Hill, Best financial planning in Rouse Hill, Best financial planning in Northern Beaches, Best financial planning in Central West, Best financial planning in Grenfell, Best financial planning in Coffs Harbour, Best financial planning in Grafton, Best financial planning in Port Macquarie, Best financial planning in Dulwich Hill, Best financial planning in Bondi, Best financial planning in The Entrance, Best financial planning in Terrigal, Best financial planning in Gosford, Best financial planning in Woy Woy, Best financial planning in Singleton, Best financial planning in Coal Point.