On the Coast – Over 55 Issue 33 I January/February 2020 | Page 9
44%
either now or in the future, may ensure
they do not have to face planning in
crisis mode to give greater control and
independence.
Why have a family meeting?
Explore priorities and preferences and
help the family share a common view
Understand how aged care works and
the options available
Understand the costs of care and what
you might need to pay
Consider the role of the home in
funding care
Review cashflow needs
Ensure the estate plan reflects your
parent’s wishes.
Your action plan
Be observant
Talk to your family about problems
Talk to your parents about their future
and what they feel is important
Understand care options and start
research
Live alone
Living alone reduces
the chances of
accessing informal
carers and increases
the need for external
support
Source: Productivity
Commission, Draft Report
– Caring for Older
Australians, Jan 2011
Check that current wills and powers of
attorney are in place and appropriate
Learn where all the important
documents are kept.
56%
Do not live alone
We can help!
Advice is important to help navigate
your way forward. Arrange an
appointment today.
For more information contact TBA Aged Care Financial Advisers
Shop 4 Niagara Park Shops, 16 Washington Avenue, Niagara Park
P. 02 4320 4000 E. [email protected] tbaagedcare.com.au
H appy
New
Year
Shop 4 Niagara Park Shops
16 Washington Avenue
Niagara Park NSW 2250
P. 02 4320 4000 E. [email protected]
tbaagedcare.com.au
Aged Care Financial Planning
Our services include:
• Aged Care Facility
Negotiations
• Aged Care Fee Minimisation
Aged care
financial advisers
you can trust
• Centrelink & DVA
Maximisation
• Cashflow Analysis
• Family Home options
TBA Financial Services Pty Ltd (ABN 46 002 163 886) t/as TBA Aged Care Financial Advisers is an authorised representative and credit representative of AMP Financial Planning Pty Limited, Australian Financial Services Licensee and Australian Credit Licensee.
JANUARY/FEBRUARY – ISSUE 33
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