Below you'll find a list of all posts that have been tagged as “family home”
As an aged care financial planner, I am asked this question many times each week. The answer in short, is NO, you cannot be forced to sell your family home. This quick answer often comes as a relief for families however it is so important to continue to understand all your options. Once we look at alternatives and the affect …
Over the years, we have seen an increasing number of people coming to see us only after they have received the dreaded “OMG letter” from Centrelink. What is the “OMG letter?” The OMG letter is the letter that Centrelink and the Department of Veteran’s Affairs (DVA) send out two years after someone moves into aged care, letting them know that …
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 …
