Investing in Aged Care Decisions

Many families feel the weight of significant decisions when considering the best aged care options for their family.

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

Want to know more?

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.

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