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Make Informed Aged Care Decisions for Your Loved Ones

Sound Financial Advice will Help you to make the Best Decisions for your Loved One.

Deciding to start considering aged care facilities is a difficult process. Emotionally, the person entering the home may feel like they are losing their independence, resent having to need additional care and be worried about becoming forgotten and cut off from family and friends.

For the family, the decision to look at aged care facilities can cause feelings of guilt and stress; it is a very emotionally charged decision to make.

Out of the turmoil, financial questions arise.

Should we keep the family home? How much can we afford to pay? How much support will Centrelink provide?

Of course, every family wants to ensure the best possible position for their loved one. However, the answers to these questions are often needed in short time frames because of a sudden decline in a loved one’s health and this can lead to less than ideal outcomes and family stress and strain.

Your decisions regarding your family’s assets can have significant impact on the level of care and comfort in an aged care facility. Given these challenges, it is vital to seek advice regarding the options available to you and your family at this time and to ensure that decision making is made with the objectives of getting the best care, medical facilities and smoothest transition for your family.

At Lucrum Financial Solutions we are able to assist our clients with:

  • Assessing whether they can retain their home.
  • Maximising and retaining Centrelink and DVA benefits.
  • Ensuring that loved ones are taken care of and that people are treated with the dignity they deserve.

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