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Aged Care and Retirement Villages

Should you move into a retirement village?

There are many reasons why you may be considering village life.  Downsizing a home, reducing maintenance, declining health, loss of a partner, access to support and/or companionship. Before you make this decision, talk to us about the financial impacts of the fees ( entry,  ongoing and exit) an also the short and long term impacts of this decision on your financial journey.

The areas to consider when looking at village life include:

  • The ownership structures and fees
  • Type of village and facilities offered
  • Your personal, health and social requirements
  • The time frame of suitability

Aged Care – planning can ease the stress.

The transition from a family home into an aged care facility can be a stressful, emotional and confusing time.  While the aim is to find the most suitable aged care facility, sometimes in very limited time frames, it is equally as important to consider the financial aspects to ensure that the right choices can be made. We can assist with advice covering:

  • Finding an Aged Care Facility
  • Funding Aged Care Fees
  • Age pension considerations – Centrelink/DVA
  • Estate planning
  • Family home considerations
  • Ongoing cashflow
  • Completion of Aged Care Facility Forms, Centrelink DVA forms
  • Certification of Documents

We can help guide you through the decision process, by providing analysis of the various financial options that are available and help you make the right decision for you or your loved one. 

 

“My husband and I have been clients of Wealth 21 since 2012. In the last year, Deborah Brown has guided our family through the difficult an emotional phase of Aged Care. I have always found Deborah to be most empathetic and professional. She has patiently guided our family through financial decisions, cashflow management, Centrelink and estate planning. I would happily recommend her to anyone seeking advice and guidance in the complex area of Aged Care.”        

Mrs J Burton