Selling your home and using the proceeds is a common strategy to fund the costs of Aged Care. However, depending on your financial circumstances, you may not need to sell your home. By negotiating with the Aged Care facility, you may find that they are prepared to accept alternative arrangements. In any case, it is a complex area and you should seek specialist advice.
The application forms for Age Pension can be quite lengthy, so we would suggest obtaining these forms from Centrelink approximately 3 months before turning Age Pension age. This will then give you plenty of time to work through the forms and seek advice if required. While the forms can be lodged anytime in the 3 months before turning Age Pension age, we would suggest lodging the forms approximately 2 to 4 weeks prior to this date.
All of our advisers are qualified and licensed appropriately. The changes implemented for education standards have meant that our advisers are studying again to keep up to date with the financial planning industry regulation.
We offer a free no-obligation appointment to discuss your financial matters. Should you wish to utilize our services, our ongoing advice fees can be deducted from your superannuation, pension or investment portfolio.
Aged care appointments are charged at $385 and allow for 2 meetings with Scott Keeley to discuss aged care costs and how to best afford the accommodation needs for your family member entering an aged care facility.