Aged Care Plan

It is the stage of life beyond retirement when your health and mobility issues dictate that you need extra assistance and specialist care.  For the elderly and their families, it can be an emotional and expensive transition from the family home to aged care accommodation.

While ageing people will sometimes coordinate their transition to aged care, more often our assistance is sought by the adult children of ageing parents and relatives.

Adult children are often the unwitting carers of elderly loved ones following unexpected events - falls and sudden illness - that renders them unable to care for themselves.   Amid emotional turmoil, unwitting careers seek options for funding as financial reality of aged care sets in.

At Wealth Fundamentals we advocate planning, however we understand that arranging aged care can be urgent.  Our role is consultative and supportive as we work with you to determine how to afford charges and nursing home fees by determining how pensions from the government, investments, superannuation, income streams from other assets, the rent or sale of a family home or reverse mortgage options may be utilised to fund nursing home bonds, daily living and ongoing medical expenses.