Aged Care

AGED CARE

TRUE WEALTH & AGED CARE

At True Wealth, we understand the importance of planning for your future, particularly when it comes to aged care. Our experienced financial advisors offer tailored aged care financial advice to help you make informed decisions about your future and ensure that you are well-prepared for any eventualities.

Aged care financial advice is a specialized area of financial planning that focuses on helping individuals and families navigate the aged care system. Our advisors will work with you to understand your individual circumstances and provide advice on the best options for financing aged care services. This includes evaluating your current financial situation, assessing your eligibility for government support, and recommending the most appropriate financial products and strategies to meet your needs.

As we age, the likelihood of requiring aged care services increases. It is important to be prepared for these eventualities, as the cost of aged care services can be substantial. Aged care financial advice can help you to understand your options and make informed decisions about how you will finance your care. Our advisors will help you to plan for the future, ensuring that you have the financial resources you need to support you as you age.

At True Wealth, we provide comprehensive aged care financial advice,
including the following key services:

1.0 Strategies to Fund Accommodation RAD

Our advisors will work with you to develop strategies to fund the accommodation component of aged care services, including Refundable Accommodation Deposits (RADs). This may include using your assets, investments, or other financial products.

2.0 Financial Modelling of Multiple Aged Care Options

We will provide you with detailed financial modelling of multiple aged care options, including government-funded services, private services, and alternative care options. This will help you to understand the costs and benefits of each option and make informed decisions about the best approach for your situation.

3.0 Review & Planning of Tax Implications

Our advisors will review the tax implications of your aged care arrangements, including any implications for your pension, taxes, and estate. We will provide you with tailored advice to help you minimize your tax obligations and ensure that your financial plan is tax-effective.

4.0 Maximising Government Pensions

We will help you to maximize your government pensions, including the Age Pension and Commonwealth Seniors Health Card. Our advisors will provide advice on eligibility criteria, income and assets tests, and strategies to maximize your government support.

5.0 Assistance with Aged Care Placement

Our advisors will assist you with the aged care placement process, including helping you to understand your options, completing the necessary forms, and coordinating with aged care providers.

6.0 Estate Planning to Ensure Your Assets are Protected

Our advisors will help you to plan your estate, ensuring that your assets are protected and passed on to your intended beneficiaries. We will provide advice on Wills, Powers of Attorney, and other estate planning tools to ensure that your wishes are honored.

1.0 Strategies to Fund Accommodation RAD

Our advisors will work with you to develop strategies to fund the accommodation component of aged care services, including Refundable Accommodation Deposits (RADs). This may include using your assets, investments, or other financial products.

3.0 Review & Planning of Tax Implications

Our advisors will review the tax implications of your aged care arrangements, including any implications for your pension, taxes, and estate. We will provide you with tailored advice to help you minimize your tax obligations and ensure that your financial plan is tax-effective.

5.0 Assistance with Aged Care Placement

Our advisors will assist you with the aged care placement process, including helping you to understand your options, completing the necessary forms, and coordinating with aged care providers.

2.0 Financial Modelling of Multiple Aged Care Options

We will provide you with detailed financial modelling of multiple aged care options, including government-funded services, private services, and alternative care options. This will help you to understand the costs and benefits of each option and make informed decisions about the best approach for your situation.

4.0 Maximising Government Pensions

We will help you to maximize your government pensions, including the Age Pension and Commonwealth Seniors Health Card. Our advisors will provide advice on eligibility criteria, income and assets tests, and strategies to maximize your government support.

6.0 Estate Planning to Ensure Your Assets are Protected

Our advisors will help you to plan your estate, ensuring that your assets are protected and passed on to your intended beneficiaries. We will provide advice on Wills, Powers of Attorney, and other estate planning tools to ensure that your wishes are honored.