Below you'll find a list of all posts that have been categorized as “Resources”
The process of entering aged care can be one of the most challenging times for both residents and their families. Between health concerns, government requirements and often massive financial decisions, it’s understandable that many people do not know where to start. One of the first steps should always be seeking professional aged care financial advice. With costs in Melbourne often reaching …
Aged care ratings are still reasonably 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 implemented a Star Rating system which was introduced in December 2022, to help individuals assess the performance of aged care homes. This system …
When you or a loved one is transitioning into aged care, it’s easy to feel overwhelmed by the sheer complexity of the system. As an aged care financial advisor in Melbourne, my passion is helping navigate the maze of aged care rules and regulations. Here are the top three things I wish people knew before starting the process. These insights …
Each person has their own circumstances, you may be in a position where you are weighing up if you need to sell the family home to afford aged care costs, specifically the RAD. With so many variables and a lot to consider, there is no simple answer, however providing specific financial advice for aged care is what we do. What …
Renting out the family home is a common consideration for many families when it comes to the cost of aged care, but it’s crucial to grasp all the factors involved to avoid potential pitfalls. This article highlights both the financial and non-financial implications of renting out the family home, helping you make informed decisions. Increased Cash Flow Through Rent The …
Navigating the complexities of aged care can be overwhelming, especially when it comes to understanding and managing the associated costs. The decisions you make regarding how to fund aged care are not just financial but can significantly impact various aspects of your life and your future. Here’s a deeper look at why seeking professional advice tailored to your individual circumstances …
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 …
Making decisions about aged care finances can be fraught with emotional and financial consequences.We have put together a list of some common mistakes and how to steer clear of them – and also how to get advice to get the best outcome for your loved one. These tips are quite general but can have a big impact on the end …
Wondering how to choose an aged care financial planner? Often the need comes unexpectedly. Mum or Dad gets rushed to hospital after a fall, and the doctor advises it is unlikely they can return home safely. Panic often ensues and a deep sense of overwhelm. ? How do we afford aged care? ? How does the system work? ? What …
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. …
