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…

Take your 28 days to decide

Take your 28 days to decide

How you choose to pay for your room in aged care is an important decision, and with large dollars involved, it is one that should not be rushed. Know your rights and take time to get advice. When moving into residential care, your first financial challenge is likely to be deciding how to pay for…

Be aware and avoid elder abuse

Be aware and avoid elder abuse

The statistics on elder abuse are alarming, with almost 15% of older Australians estimated to be suffering elder abuse each year. The actual numbers are probably higher, as it is likely that not all cases are reported. This abuse often involves the misuse of an older person’s finances and assets by family members – often…

Getting your RAD refunded

Getting your RAD refunded

Understanding the refund rules for RADs may remove some of the stress and worry with a move into residential care. Room prices in aged care are usually quoted as a lump sum. Often this is a big number, which can cause a lot of worry. But this is also one of the most misunderstood areas…