Getting your RAD back

Getting your RAD back

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…

Financial Challenges for Couples

Financial Challenges for Couples

Second marriages may present additional financial challenges when balancing day-to-day expenses with implications for aged care funding. You may not share finances equally, but Centrelink/DVA will assess your obligations as if you do. Life is full of ups and downs. You might have been unlucky and lost a spouse but then been lucky to find…