Blog: Aged Care

Blog: Aged Care

Should we sell Dad’s house when he goes into care?

15 November 2018 - posted in Aged Care and Lifestyle and Pre-Retirees and Retirees by Matthew Kelly

In almost all cases, when someone has to move into an aged care facility, they will be moving from their home – their principal place of residence.

An Aged Care testimonial

9 October 2018 - posted in Aged Care and Lifestyle and Pre-Retirees and Retirees by Matthew Kelly

Making decisions about a loved one's transition into Aged Care can often be fraught with uncertainty and require information and assistance which is not always easily accessible. Recently we were able to help Greg* with the aged care needs of his grandmother for whom he is acting Power of Attorney. This is his story.

Will I lose my Age Pension?

19 September 2018 - posted in Aged Care and Lifestyle and Retirees by Matthew Kelly

A big fear for many of older people who may be considering moving into aged care is losing their age pension.

What is home care?

27 February 2018 - posted in Aged Care and Government Benefits and Pre-Retirees and Retirees by Matthew Kelly

A Home Care Package provides Government funded services that can help you remain at home for longer, as well as providing choice and flexibility in the way that the care and support is provided.

Why should I complete the Aged Care Assets and Income paperwork?

28 November 2017 - posted in Aged Care and Government Benefits and Pre-Retirees and Retirees by Matthew Kelly

Aged Care in Australia is not cheap. However, a lot of the cost is paid by the Government, and you only have to pay a portion.

The pro’s and con’s of downsizing

31 October 2017 - posted in Aged Care and Government Benefits and Pre-Retirees and Retirees by John Oliver

In retirement planning for you to achieve the goals you set, many factors need consideration.

How well do you know your parents finances?

25 October 2017 - posted in Aged Care and Government Benefits and Pre-Retirees and Retirees by Brenton Miegel

How would you cope if you suddenly had to take over the management of your parent’s finances? If your parent(s) were to fall ill or become incapacitated, someone has to take over the payment of bills, managing their money, and general well-being.

How can I pay for my Aged Care Accommodation Costs?

13 September 2017 - posted in Aged Care and Pre-Retirees and Retirees by Matthew Kelly

Not everyone has to pay to enter residential aged care, but if you are like most people and have assets or income of some sort (whether that’s from investments, superannuation, or rent from your home), you will need to contribute toward the cost of your care.

Centrelink’s Granny Flat rules can help you.

1 September 2017 - posted in Aged Care and Government Benefits and Pre-Retirees and Retirees by John Oliver

A granny flat right is established when accommodation is provided in exchange for a payment or a transfer of assets. It is important that Centrelink has provisions for people to transfer assets or make payments to live with another person so that the transfer is not counted as a gift under the deprivation of asset rules.

Funding Aged Care for a spouse

4 July 2017 - posted in Aged Care and Government Benefits and Pre-Retirees and Retirees by Matthew Kelly

There are 4 possible costs associated with a move into residential aged care, with 2 of those based on a person’s income and assets (refundable accommodation deposit (RAD) and means-tested care fee).

Funding the cost of Residential Aged Care

12 May 2017 - posted in Aged Care and Government Benefits and Pre-Retirees and Retirees by Matthew Kelly

Placing a parent or loved one into an aged care facility can be a stressful and distressing time for a family. It is not a pleasant financial experience either!

Australia’s Aged Care System - navigating the minefield

1 March 2017 - posted in Aged Care and Pre-Retirees and Retirees by Matthew Kelly

Quite often, the decision as to whether a loved one needs to access the Aged Care System in Australia is taken out of the hands of families.