Questions often asked include...
How do we afford Aged Care?
There are so many costs to Aged Care and it can be overwhelming. There is the RAD, DAP, daily care fee... How you fund those costs can have long term impacts and it is important to set it up properly so that you don't lose money. As an Aged Care Specialist, Rachel is well positioned to help you navigate the fees and find a way that makes having appropriate care affordable.
Do we sell the home or keep it?
There are flow on affects from selling the home such as changes in Age Pension status, Aged Care fee amounts and estate planning. Do you keep vacant, rent, sell? It is important to take advantage of different stages of the Aged Care journey to minimise your fees whilst having the care and support you need.
Fund the accomodation costs
The Residential Aged Care Deposit (RAD) can be a large sum of money and quite overwhelming when you first here it. It is important to understand the different ways to fund the accomodation costs and the flow on impact to loved ones and the estate.
Should we lend our parent the money?
Paying for your parent's Aged Care fees may impact their Age Pension and increase their Aged Care fees. It is important to consider all options and to understand the pathway which will give you the outcome that suits you.
How to invest to fund the fees?
Many who sell the home to pay for the accomodation costs find themselves with a lump sum of money they are not sure how to invest and protect. We can help you consider your options their relative impact on the estate.
Protect your legacy?
Your legacy is what you have spent your life building. It could be the quality of your family relationships and/or the wealth you have accumulated. Having a plan in place for how you will empower your loved ones when you are gone or can no longer make decisions for yourself can help protect all that you have built. We can help you work through the decisions and direct you professionals to implement your strategy.