The impact of selling a home, renting a home, refundable accommodation deposits, Daily accommodation Fees, age pension, ACAT assessments.
Navigating the impacts of these strategies can improve dramatically with some advice. Should the current owner of the existing assets hold what you have, should they be restructured into a partner name, or changed in some way to alleviate future tax for your future estate beneficiaries? Is there anything we can do to limit the aged care fees in the interim? Should we sell or keep the house and rent it out?
Meet Andrew whose mother and father were separated by illness when Jacqui moved to a nursing home. We provided advice that saved Andrew and his sister $24,000 in tax on the estate transfer of their father’s account based pension by restructuring it to limit the impact to the estate. We were able to provide a regular monthly income to Barry, helping to pay the monthly costs of aged care and provided support to navigate the Centrelink aged pension process.
Meet Barry who has recently seen the impacts of moving to aged care advice
Click through to find out some answers to some of our Frequently asked Questions, or contact us today for a non-obligatory discussion about your situation and how we could help.
Tabitha certainly knows the Aged Care system process. Her extensive knowledge and guidance has made the entire experience easier into what is usually a time full of anxiety and stress.
Her exceptional professionalism and thoughtfulness is beyond expectations and we have no hesitation in recommending her to others.
Thank you, Tabitha and your team for looking after our mum’s financial affairs.
My family engaged Tabitha to assist us in dealing with the extremely complex financial side of moving my mother & father into an Aged Care Facility.
During a very difficult time for us, Tabitha helped us in a very caring & knowledgeable way.
Tabitha challenged the normally accepted structure of RAD payments for 2 people entering aged care together in a way that the Head Office of the Aged Care Facility had never seen before.
Tabitha’s challenge was successful, and this has been extremely beneficial for us, emotionally and financially, down the track.
I cannot thank Tabitha enough for the work that she has done for us and would not hesitate in recommending Tabitha to anyone needing aged care related assistance.
I recently worked with Tabitha Tworek from Insight Wealth Planning regarding our mutual client’s partner who needed to go into aged care. Tabitha was able to look at the financial position of the clients, the payment of the Refundable Accommodation Deposit, where these monies were best paid from and how this would affect the clients’ overall financial situation. Tabitha worked with the client, who was very appreciative of the advice, care and support provided at a difficult time.
Tabitha’s support in navigating the complexities of the aged care on-boarding process was invaluable.
It is an overwhelming area, full of many minefields and having her support and direction in walking through every minute step of this was amazing and such a comfort during such an emotional time.
Being the clear head in outlining all financial options ( of which there are many, and not clearly outlined by aged care providers) in language that was understandable made this journey bearable. Tabitha’s assistance in dealing with the administrative jungle of not only Centrelink but directly with the Aged Care facility (when time sensitivity was critical) was a god-send.
Tabitha was the cool logical head and sounding board required during this difficult time. Helping to guide and push through the minefield of decisions, and bureaucratic delays that come up when trying to make major decisions for the most important person in your life.
I can’t thank her enough for the support in guiding me through this process when it came to the incredibly hard and time critical decisions I had to make for my Mum….”
