Below you'll find a list of all posts that have been categorized as “FAQ”
When the time comes for a loved one to enter aged care, the common thought is – we need to sell the house to afford it! This is certainly not always the case. Understanding Aged Care Accommodation Costs One of the key considerations when looking into aged care is the main cost of accommodation, typically referred to as the Refundable …
For many, there’s a true joy in gifting, an act that strengthens bonds and brings happiness to both receiver and giver. Yet, when you or a loved one is considering entering aged care, the financial implications and rules around gifting money or assets become important. Whether for altruistic reasons, estate planning, or simply wanting to help family members, understanding the …
As you start to navigate the realm of retirement and aged care, it’s crucial to make informed decisions about yours or a loved ones financial well-being. In this article, we wanted to explain in detail two terms that often arise in the context of aged care: RAD and DAP. RAD or Refundable Accommodation Deposit, and DAP or Daily Accommodation Payment, …
When it comes to planning for aged care, seeking guidance from an experienced aged care financial advisor is crucial. These professionals specialise in navigating the complexities of aged care and can help you make informed decisions. However, it’s essential to be aware of common mistakes that people often make during the financial planning process Not wanting to pay for professional …
As we or our loved ones age, the need for specialised care and support becomes increasingly important. In Australia, various aged care services are available to provide assistance tailored to individual needs. However, navigating the eligibility requirements and understanding the process can be complex. In this post, we will guide you through the steps to qualify for aged care services …
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 …
Choosing an aged care facility for your loved one can be incredibly daunting. You need to know that your parent or family member will be both happy and well cared for. And while once upon a time that might have seemed like a given – with recent (and quite horrific) reports of aged care facilities providing sub-standard care – it’s …
Short-term care provides care and support services for a set period of time. There are different types of short-term care depending on your needs. All aim to help you with day-to-day tasks and either restore or maintain your independence. Depending on the type of short-term care you access, help can be provided for a few days to a few months …
Transitioning a loved one to an aged care facility is not an easy move. However, in most cases, it is recommended from a doctor to provide them the care they require. Transitioning a loved one to aged care can be challenging for all family members involved and can lead to feelings of guilt, worry, and helplessness. Here are some tips …
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 …
