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Too Wealthy for Home Care Subsidies?
Read more: Too Wealthy for Home Care Subsidies?Did you think you would not qualify for the government subsidies on home care? Take another look – you might be surprised. The cost of full-time private care provided in your own home may look daunting. But financial advice along with a government-subsidised home care package and support from friends and family, might make home care achievable and affordable. Each home care package comes with an assigned budget that you can choose how to spend on care services (after administration costs). Part of this budget is paid by the government and part is paid by the recipient. But are you…
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Decision Making Using a Power of Attorney
Read more: Decision Making Using a Power of AttorneyThe time may come when you need to make financial decisions on behalf of a parent as the Enduring Power of Attorney (EPoA). Is this an honour or a burden? It can be both, so the person taking on the role needs to understand both the legal obligations as well as family responsibilities. Making decisions using an EPoA A power of attorney is given the authority to make decisions and authorise transactions in relation to property and financial affairs. If it is an enduring power, this authority remains effective even after the donor has lost mental capacity – most important…
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Solving the RAD Jigsaw
Read more: Solving the RAD JigsawA challenge for us all is to find somewhere affordable to live. When our health declines and we move into the frailty period of retirement, this challenge continues but our focus and choices shift from independent living to supported living in residential aged care. Like any accommodation decision, you will usually need to pay for a room in residential care. The most expensive room is around $2 million with the average across Australia just over $400,000. But if the thought of paying $400,000 or $500,000 or $800,000 or more for a room in residential aged care scares you, you may…
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FREE SEMINAR – Aged Care – What you need to Know
Read more: FREE SEMINAR – Aged Care – What you need to KnowThe aged care system is complex. Myths and misunderstandings abound. To sort out fact from fiction invest an hour attending our Planning for aged care seminar. Find out: • what aged care services are available • the real costs of residential aged care • what payment options are available, and • strategies to cover costs and achieve the best financial outcome for you Our next seminar near you The seminar will held on 22 February 2019 at 10:00am at a Dubbo RSL, Jacaranda Room. Don’t make important decisions without all the facts. Seats are limited. Reserve your place now at this free seminar by…
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Christmas brings together families and important decisions
Read more: Christmas brings together families and important decisionsAs we approach the end of another year many people will be looking forward to the festive season and the chance to slow down and catch up with family, particularly elderly parents. Busy lives and distant homes can make it easy to feel out of touch. Sadly, at this time of year adult children may also begin to notice changes in their ageing parents. It’s distressing and worrying to accept that your parents who were once vital may soon need help to manage their day to day needs. Hard decisions may need to be made and many children and parents…
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