Aged Care Advice
Our primary focus in the residential aged care advice process is to focus on delivering financial strategies for those requiring residential aged care or those considering assisted living retirement village services. Our preference is to provide advice one or two years in advance of the need to enter care, this avoids the element of panic that can come with the need to rush family members into aged care services due to sudden health or mobility issues.
Our Six-Step Aged Care Process
Discovery Meeting
Aged Care Roadmap Development
Aged Care Advice Meeting
Deliver Final Written Advice
Finding The Right Aged Care Home For You
Lodgement of Centrelink Application Form
Discovery Meeting
We will commence with a no obligation discovery meeting that will normally take up to 2 hours. This meeting can be held in your home, at our home office or by Zoom, Skype or Google Meets. Clients should prepare for this meeting all details regarding assets and income that will fund future residential aged care investments and costs. For couples with children it is recommended that they also attend the meeting as they will be key to the future decisions required to move to aged care. In progressing a way forward, we are also happy to work with financial advisors that you may already by utilising in your ongoing financial planning.
At this meeting we can discuss your priorities and preferences and the various options that need to be considered in determining your aged care financial way forward. We will also outline our fixed price fees and agree a plan for the next steps.
Aged Care Roadmap
Following this meeting we take up to two weeks to prepare our aged care financial advice in the form of a roadmap for the future way forward. This will include a:
• summary of the fact gathered at the discovery meeting relating to assets and income;
• description of the financial options that we have analysed;
• detailed analysis of income & assets for each option;
• charts and graphs that compare and contrast options;
• financial and risk assessment decision matrix;
• recommendation as to the way forward.
We can provide an example of our advice document at your request.
Aged Care Advice Meeting
It is preferable that we organise a face-to-face meeting to discuss our aged care advice. However, if this is not possible, we can meet by Zoom, Google Meet or Skype. At this meeting we will provide clarification for all questions and agree as to the recommended way forward. Were further clarifications are needed we will undertake the analysis required and deliver in the following days an update of our final formal advice.
Deliver Final Written Advice
We deliver the final agreed written aged care advice for the family’s implementation at a date in the future that is normally driven by the health and mobility of the individuals concerned.
Finding the right aged care home for you.
We will normally recommend a selection of homes that may be suitable for our clients in our advice. If further assistance, such a arranging visits is required we can refer you to those that can assist in making the final choice. Our recommendation is to have key family members assist in this process as this can be a time consuming and complex decision.
On entry to an aged care home residents and or their powers of attorney will be asked to sign a residential agreement. We can recommend experienced solicitors that can advise on this subject, as required.
Lodgement of application form with Centrelink
We will work with clients to complete the required forms that are required by the Department of Human Service & or Department of Veteran Affairs to formally enter aged care. If required we can also assist in discussions with the aged care providers as to the unit prices (RAD), fees and charges.