I am an Accredited Aged Care Professional TM specialist in the field of Aged Care advice, and I have helped many clients and/or families who have parents entering care. It can be a difficult time, and this is not made any easier by the complexities of aged care costs, dealing with Centrelink and the aged care facilities.
I will take the time to understand your situation and help guide you through what needs to be done by providing a tailored plan that simplifies the complexities and provides you with peace of mind.
The focus of any advice provided is to explore strategies that help save on fees and provide cash flow guidance so you can avoid costly mistakes. Typically, clients want to know if they should pay the refundable accommodation deposit and how to go about this, with a common focus on whether to sell the home or not. We will guide you through the options.
Initial appointment to discuss your aged care needs and analyse your current financial position.
Act as a limited Centrelink nominee to ensure assets and income are recorded accurately. Assist in completing the required Centrelink forms including the SA457 or SA458.
Calculate your expected aged care fees and then provide strategies to help pay for aged care costs and, where possible, reduce the fees and boost Centrelink age pension income.
You will receive a statement of advice that explains the fees and proposed strategies in detail. This will be presented to you and discussed in detail until you are confident in the way forward.
Assistance with implementing any recommended estate planning strategies.
Assistance with understanding and applying for government subsidies and support.
I will remain Centrelink nominee for a further 3 months after entering care to ensure the aged care provider and Centrelink have the correct information to accurately calculate ongoing fees.
Holmes Financial Planning Pty Ltd is a Corporate Authorised Representative of Personal Financial Services Limited (ABN 26 098 725 145), AFS Licence no. 234459.
The information on this website is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. The information on this website does not constitute financial, investment or taxation advice and should not be relied on as such.
Holmes Financial Planning Pty Ltd is a registered tax (financial) adviser and any reference to tax advice contained in this website is incidental to the general financial advice it may contain. You should seek specialist advice from a tax professional to confirm the impact of this advice on your overall tax position.
Before making any decisions involving financial products or services, you should read the relevant Financial Services Guide (FSG) and any applicable Product Disclosure Statement (PDS) before making any decision. We also recommend that you seek independent professional advice as to the suitability of the products or services which is relevant to your particular financial circumstances.
Brett Holmes is an authorised representative of PFS. Whilst every care has been taken in the preparation of this information, it may not remain current after the date of publication and PFS and its related bodies make no representation as to its accuracy or completeness. Published: October 2024 © Copyright 2024
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