It’s not easy to move a loved one into aged care and it’s not easy to understand how it all works.
We specialise in Aged Care advice:
Aged Care can be a confusing puzzle, each piece with its own set of consequences. It is important to seek advice before making any decisions. We can assist in planning a move to a retirement home or the transition to permanent Aged Care.
Muirfield Financial Services has years of experience in solving the complex issues of Residential Aged Care & are experienced in both the old rules and current legislation from 1 July 2014. We can help with your questions and concerns, clarify decision making and eliminate your stress and worry with a clear summary of your options.
Who are we?
Muirfield Financial Services has been helping clients achieve their financial goals and lifestyle objectives since 1989. We are a Geelong-based financial planning firm, an approved Professional Practice of the Financial Planning Association, hold an Australian Financial Services Licence and are independently owned. Melinda Planken is our specialist Aged Care adviser and holds an Aged Care Professional Accreditation.
How do we help?
While Centrelink will advise you only of Centrelink consequences and Aged Care Facilities offer information about the costs of Aged Care; we help you put all the pieces together within the specific framework of your personal situation. Once the decision has been made to move to permanent care Muirfield can clarify what fees will be payable. We can provide specific advice on the following:
- Refundable Accommodation Deposits (RAD) or Daily Accommodation Payments (DAP)
- Daily Care Fee
- Means Tested Fee
- Extra Service Fees
- Options for the Family Home
- Maximising entitlements from Centrelink or Department of Veteran Affairs.
A common worry is what to do with the Family home. Whilst selling can be financially beneficial, there may also be alternative options which should be explored.
During our appointment we will focus on available possibilities for the existing home and recommend cash flow strategies to ensure Aged Care fees can be met. We can also assist with all the required paperwork and liaise with homes directly if required.
Financial Planning advice which captures your personal situation and provides peace of mind is essential prior to making any decisions regarding Aged Care.