Aged Care

Do you need to make a decision on moving to Aged Care?

When the time comes to help a loved one move into an aged care facility, it can be confusing and emotionally challenging for everyone involved. Practical issues need to be considered during what can be a difficult time. The rules and regulations are complex and decisions usually need to be made in a relatively short period of time.

Is the preferred aged care facility affordable in both the short and long term? Will the choices made impact the person’s pension entitlements? Will the family home need to be sold to fund the admission into aged care? These are all important questions that need to be addressed.

It is vital to know all the facts and receive professional advice to ensure the right decisions are made. TIS Financial Planning is able to partner with you during this challenging time. Janine Tempone has obtained aged care specialist accreditation and can assist you in deriving the best possible outcome

Getting the right information and advice now will help you make the best choices for your future care, security and happiness.

Planning your care needs

 

Our advisers can:

  • Help you and your family to understand the range of care options and how the aged care system works.
  • Outline the steps ahead to help you find and access the right type of care.
  • Act as a central reference point for clear and relevant information on aged care and how your finances are impacted.

Setting your priorities

 

Our advisers can:

  • Help you to identify what’s important and achieve your goals and objectives.

Financial review

 

Our advisers can:

  • Review your financial situation to help provide solutions that meet your goals and objectives.
  • Help you to evaluate what you can afford so tha you can focus on searching for a suitable aged care service.

Estimate Fees

 

Our advisers can:

  • Explain the range of fees and how they are calculated to estimate what you mght need to pay.

Options to pay for accommodation

 

Our advisers can:

  • Determine the financial implications of keeping or selling your home (if you can use it to fund your aged care).
  • Evaluate the options and strategies for your accommodation payment.
  • Review the potential for strategies to maximise your age pension and minimise aged care fees.

Strategies to improve cashflow

 

Our advisers can:

  • Develop strategies that generate a regular and reliable income to cover your daily care fees and other living expenses.
  • Design strategies that take into account your family situation and estate planning needs.

Estate Planning

 

Our advisers can:

  • Highlight the implications of investment decisions on your estate plan to help avoid unintended consequences.
  • Discuss the importance of an enduring power of attorney and guardianship.

 

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