Making the decision to move
yourself or a family member into aged care can be complex, time consuming and
quite daunting. Working out which facility to choose, what information you need
and the basic forms you need to fill out can be overwhelming and confusing.
Aged care services include
facilities such as Respite Care, Specialised Dementia Care and Palliative Care.
Often referred to as nursing homes, these facilities provide services such as
meal preparation, accommodation, cleaning, round the clock care and a variety
of other services. Making the decision to enter yourself or a family member into
an aged care facility can be complex logistically as well as emotionally.
The sole focus of your
decision should always be the health and welfare of yourself and your loved
ones, however the truth of the matter is that financing aged care can be
costly. Managing finances when it comes to aged care can be complicated and
perplexing. There are many things to take into consideration, such as: how it
will impact on the pension payments from Centrelink, how to pay for
accommodations and whether or not it would be more beneficial to sell the
family home, or to rent it out.
Seeking out aged care
financial advice is a great first step in easing the transition into an aged
care facility. An independent financial advisor will be able to help analyse
all associated costs with the transition and help create a plan for how the
costs can be financed. Without proper planning, aged care options may be
significantly limited for some families.
Each individual and family
has a unique set of circumstances, meaning there are no one size fits all plans
or solutions when it comes to aged care financial advice. Finding a financial
planner that understands this will help to provide clarity and guidance when it
comes to choosing the best aged care option for you and your family.
At Plutus Financial
Guidance, not only does Vince provide aged care financial advice to individuals
and families, but he is also an Accredited Aged Care Professional. So you can
be assured that your needs are being listened to and understood by an experienced
professional.
Call Plutus Financial
Guidance today to talk more about aged care financial advice and what will be
best for you and your family.
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