Below you'll find a list of all posts that have been categorized as “Gifting”
As we consider financial and care planning in later life, understanding the implications of gifting is important, especially when aged care is looming or you are on a pension. Gifting can seem like a straightforward way to support family, friends or even your favorite charities, but it can have unanticipated impacts on entitlements and payments. We have put together a …
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 …
A regular enquiry we get from overwhelmed family members is: how to we reduce aged care costs? In most cases, the way to reduce aged care costs is to ensure the person entering aged care has minimised their assets. This will ensure they are receiving the maximum benefits towards the cost of their care and also ensure they are receiving …
With the end of financial year just passed, I thought it was timely to share with you some thoughts around gifting and how it can reduce the cost of aged care. When it comes to residential aged care, many people believe if they don’t have any money, they won’t be able to move in. It simply is not true. Most aged care …
