When a loved one needs to move into aged care, families are often faced with a long list of questions. How much will it cost? Do we need to sell the family home? What happens with Centrelink? What about Mum or Dad’s investments or super? Will this affect their estate? It’s no wonder so many people feel overwhelmed. The good news is that you don’t have to figure it all out on your own.
It’s about more than just the aged care fees
An aged care financial adviser doesn’t just calculate the cost of entering aged care. We understand the entire picture. In most cases, we’ll meet with the Power of Attorney, as they’re usually responsible for making financial decisions on behalf of their loved one. While we may never actually meet the person moving into care, our focus is always on achieving the best possible outcome for them.
Bringing all the pieces together
Aged care is one of those areas where lots of different financial rules overlap.
An adviser who specialises in aged care understands:
- The aged care fee system.
- Centrelink rules and entitlements.
- Investments and how they’re assessed.
- Superannuation.
- Tax implications.
- Estate planning considerations.
- Cash flow and long-term financial planning.
These aren’t separate conversations as they all work together. eg making one financial decision to reduce aged care fees could accidentally increase tax, reduce Centrelink benefits or create issues later when the estate is sorted. Looking at just one piece of the puzzle can sometimes lead to unintended consequences.
Looking at the whole picture
Our role is to step back and look at every aspect of your loved one’s financial situation before making recommendations. We consider how each decision affects the others, so we’re not improving one area while creating problems somewhere else. The goal is always to maximise the overall outcome not just today, but for the years ahead.
Giving families confidence
Moving into aged care is an emotional time for everyone involved. Having someone who understands the rules and can guide you through the financial side of the process can make an massive difference. Instead of trying to piece together information from different professionals and government websites, you have someone who can bring it all together and explain your options in plain English. With the right advice, families can make informed decisions with confidence, knowing they’re doing what’s best for their loved one and protecting their financial future at the same time.
You can view what our clients have said about us here or Google us… we are very proud of our Google reviews.
