If you are worried about the need to access aged care, you are not alone. When the time comes, it can be daunting, with a lot of new information to take in and many decisions to make. The responsibility to make the right decision for yourself or a loved one may weigh heavily on your…
Moving into residential aged care can trigger a range of emotions, particularly if it involves the sale of the family home. What is often a major financial asset, is also one that many people believe should be either kept in the family or its value preserved for future generations. Whether or not the home has…
The COVID-19 pandemic gave us all a sneak peek into what life might be like if we lost independence and mobility. But what if the limitations were not due to an international pandemic and were not affecting everyone in your street, but just you? What if it was your own personal capacity (physical or mental…
This year’s Federal Budget focussed on the rising costs of living and how to help Australians manage. Before the Budget there was speculation that we would see changes for aged care funding and fees, but what made it into the Budget? This article takes a look at the measures in the Budget and how you…
Many people think they can’t afford to get aged care advice, but the reality is you probably can’t afford not to get advice. RADs, DAPs, MPIRs, MTAs and ACATs !! These are just a few of the acronyms you will face when navigating aged care decisions. It might even feel like you’ve landed in a…
The money you pay as a lump sum for your residential aged care room will be refunded to your estate – so what do you need to know about when and how your money is refunded? Accommodation payments (called Refundable Accommodation Deposits – RADs for short) are one of the most misunderstood areas of residential…
Are you confused about aged care fees and what they all mean? You are not alone. In this article, we simplify the basics of aged care fees for you. If you, or someone you love, need to make a move into residential aged care, understanding the fees and getting a clear picture of what it…
Cashflow planning is important when moving into aged care, but plans can be thrown into chaos if your first invoice shows much higher fees than expected. This article sheds light on interim fees. The first statement you receive when you move into residential aged care can be a shock, as fees might be far higher…
Moving into residential aged care can be stressful with complicated rules, family conflicts and rushed timeframes. This can easily lead to mistakes, which can be costly and difficult to rectify. This article highlights three common mistakes and tips to avoid traps. Rushing your decision The biggest expense you will face is the cost of your…
Life is filled with changes. But with preparation and good advice, you may be able to manage the changes more effectively to minimise the stress. Watching your spouse’s health decline can be difficult and stressful. And if this decline results in a move to aged care, you will both be faced with a lot of…