How to Protect Inheritance Through Strategic Aged Care Planning

When faced with the challenge of arranging aged care for a parent, it’s natural to worry about the financial implications, especially how to protect inheritance. Many families find themselves balancing the desire to ensure their loved ones receive the best possible care while also preserving the family’s wealth for future generations. This concern is both natural and common, reflecting a …

elderly person and a middle aged person talking on a park bench

8 Tips to Transition a Loved One Into Aged Care

Moving your loved one into an aged care facility in Melbourne is never easy. No matter how much you’d like to shoulder the responsibility of taking care of them, more often than not, it simply isn’t feasible. In most cases, an aged care facility is recommended by the GP to give your loved one the care they need and deserve. …

Four steps to take before downsizing your home

Leaving the home you have lived in for years, often decades, the one that you always thought wouldbe your “forever home” can be tricky financially and emotionally. Consequently, the decision todownsize requires careful consideration, research and planning to make sure you get it right. Understanding the motivations behind downsizing is paramount. People choose to downsize for various reasons: seeking a …

Questions to ask an Aged Care facility

The government have put together a good list of questions to ask when checking out aged care homes. These form a great starting point in addition to other questions you may have based on what is important to you and your family. You can view the checklist here: https://www.myagedcare.gov.au/sites/default/files/2019-04/questions-to-ask-aged-care-homes_0.pdf

Aged Care Rating: How to View & Understand

Aged care ratings are quite new in the ever changing world of aged care. Understanding the quality of service provided by care facilities is so important when choosing care for a loved one. The Australian Government has implemented a Star Rating system, introduced in December 2022, to help individuals assess the performance of aged care homes. This system is a …

Downsize from 55: What You Need to Know

If you’re looking to downsize, you may want to take advantage of the downsize contribution of up to $300,000. The eligible age changed from 1st Jan 2023 and now the minimum age is 55. This is a significant change that could offer great benefits to those looking to sell their main residence and another imperative to keep in mind when …

What Happens If I Can’t Afford Aged Care?

Firstly, no matter what your circumstances, the Australian government will fund residential aged care ensuring it is accessible for everyone who needs it. The costs to enter vary by home, and the amount of funding towards your care depends on your ability to pay and your financial circumstances.   Where do I get started? You firstly need to be assessed for …