The decision to move into an aged care facility is always going to be challenging and one which is emotionally-charged. You can make the process easier on yourself and your family by planning ahead. Making sensible decisions now, while you're still physically and mentally fit, is the most effective way of ensuring that you're properly prepared for whatever the future may bring.
The first sensible thing to do is enlist the help of a financial adviser. Aged care is a complex area and poor decisions could lead to a loss of government entitlements, increased aged care costs and a reduced estate to be passed on to your loved ones.
Your financial adviser can guide you through:
- the assessment process
- the difference between high and low-level care
- the fees you are likely to pay
- the decision whether or not to retain the family home.
Speak to your financial adviser to find out more and to give yourself peace of mind that you are properly prepared for the time in your life when you need an extra level of care.