What is a supported resident?

  One of the subjects creating the most confusion for new residents to aged care is the concept of being a supported resident. It is an important concept because assessment as a supported resident provides a series of benefits as … Continued

Age Pension Assets Test Changes

  One of the key messages from the 2016 Federal Budget was the need to re balance the assets test to help make access to government pensions fairer. To do this, the Government proposed to increase the assets test thresholds … Continued

What to do if your loved one passes away in residential aged care

    When your loved one enters the residential aged care facility you will be asked you to nominate a funeral director. You can check options at the Australian Funeral Directors Association website.   Formalities immediately after death The aged care … Continued

What is Residential Aged Care?

  Australia’s aged care system aims to ensure older people receive support and quality care when they need it. Residential Aged Care facilities are one component of the aged care system and are available across Australia.   Residential care is … Continued

Understand the costs of residential aged care

  There are three sets of fees payable: costs of accommodation, costs of care, and costs of extra services.   1.  Costs of Accommodation The accommodation payment will be quoted as a lump sum called a Refundable Accommodation Deposit (RAD). … Continued

Things your financial adviser can help you with

  Navigating the aged care terrain requires much more than information. Families on this journey need a listening ear, acknowledgement, and reassurance. They want to be treated as whole and competent human beings, who can make their own decisions. They … Continued

How is Mum’s age pension affected by her move to residential aged care?

  For most of our clients who are moving into residential aged care, retaining their Centrelink benefits and associated health cards is a high priority. In addition, often, a move into residential aged care is the catalyst for aged Australians … Continued

Do I need to provide guarantees for my parent entering residential aged care?

  A client of ours recently questioned us about the Residential Agreement and Accommodation Agreement they were asked to sign when admitting his mum to residential aged care. In particular he was concerned about a clause stating that a resident … Continued

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