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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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When to Start the Aged Care Conversation?
Read more: When to Start the Aged Care Conversation?No-one likes to talk about getting old. But at what age should you start thinking about your aged care needs? The answer is simple – any age is a good time. This is regardless of whether you are in your early retirement years or well into retirement. If you are lucky enough to still have your parents, starting the conversation with them while they are still healthy is also sensible. They might not be thrilled that you’re raising the subject but it gives your parents an opportunity to think about what is important to them and give you some instructions,…
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More Home Care in Budget
Read more: More Home Care in BudgetHome Care remains the preferred option for many people, but the long wait has been a problem. A key measure in this year’s Budget is an extra 80,000 home care packages aimed at reducing the waiting time and helping more people age in their home for longer. If you want to talk about home care for yourself or a family member, or want to start planning ahead for your later life, call us on 02 6813 0977 to make an appointment. This article is for informational purposes only and the information contained is of a general nature and 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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