Entering the aged care system is often a difficult time for many families. We, or someone we love, face the prospect of a loss of independence. It can all be very scary.
What’s more, the financial aspects of the aged care system are incredibly complex. What fees do you have to pay? When do you have to pay them? To whom do you have to pay them? How does being in residential care affect your Centrelink entitlements? Your super arrangements? Your estate plans?
We can assist you to fully understand your financial situation and the way that this interacts with your aged care. This involves things like:
- Working out the type and quality of care you can afford;
- Working out the costs of this care;
- Arranging to pay your accommodation and care fees that apply;
- Ensuring you maximise your Centrelink pension and any other entitlements;
- Best managing your family home and other significant assets; and
- Simply ensuring that your time in aged care is as financially comfortable as possible.
In the best cases, planning for aged care should start well before the need for aged care arises. The planning should start when your retirement planning starts – aged care is, after all, part of your retirement. And starting the planning process as early as possible lets you also ensure that this planning complements the other elements of your financial plan, such as your estate planning.
That said, it is also never too late for good planning. So, if aged care is already a reality, then get in touch with us and make sure that you make that reality as pleasant and satisfying as possible.
Director and Financial Planner
Vito D’Alessandri is a Certified Financial Planner™ and Accredited Aged Care Professional™.
Since 1990 Vito has been assisting people with their personal finances, retirement planning and personal risk protection.
In more recent times he has added to this a new focus on the financial needs of the elderly, especially for those that need to enter an Aged care Facility.
Vito now holds the additional designation of an Aged Care Professional™ having completed appropriate training in this regard.
Vito is a member of the Financial Planning Association of Australia and is committed to helping clients make informed and smart decisions about their financial future.
Vito is regularly praised by his clients for his ability to explain complex financial information in easy to understand language.
Vito believes that everyone could benefit from having a team of specialist advisers in their corner and that EDUCATION is the key ingredient for people to achieve their goals
Vito D'Alessandri is an authorised representative (234615) of Dover Financial Advisers Pty Ltd (AFSL 307248).