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Aged Care Financial Advice in Perth
With over 20 years of experience, Core Value helps Perth families navigate aged care finances. If you’re moving a loved one into care, our licensed advisers are here to guide you.
Specialist Aged Care Advisers
20+ Year Experience
Licensed and Qualified
Call us on 1300 944 011
OUR SERVICE
Tailored Aged Care Financial Advice for Perth
No two families are alike, and their aged care needs are no exception to that. Our experienced aged care financial advisers provide personal advice to assist people in Perth to make informed choices.
We help reduce aged care costs and increase government support. We will walk with you through every step. Let us help remove the burden and stress of placing someone into aged care.
CHALLENGES
Common Aged Care Financial Challenges
Managing High Aged Care Fees
Aged care in Perth can come with unexpectedly high costs. Our financial planners help reduce fees, so you pay less and keep more of your families assets.
Understanding Government Support Options
Understanding government support can be complex and overwhelming. As aged care experts in we understand the rules inside out, ensuring you receive every dollar you’re entitled to
Protecting the Family Home
The family home is more than just a building—it holds deep sentimental value. We explore strategies to help you keep it while covering aged care costs.
HOW IT WORKS
Our Aged Care Financial Advice Process
Book a Free Consultation
During this initial, obligation-free meeting, our priority is to gain a comprehensive understanding of your situation. We will provide general guidance about aged care and assess the level of advice and support you may require.
Receive Personalised Financial Advice
We develop a customised plan to optimise the structure of your assets, investments, and income to best fund aged care. Our goal is to minimise aged care fees, maximise centrelink benefits and protect the family home.
Review Aged Care Contracts
We thoroughly review all contracts to ensure there are no errors from the aged care home or Centrelink. By handling all communications with the aged care home, we allow you to concentrate on caring for your loved one.
Transition Your Loved One with Confidence
You can move your loved one into aged care with confidence, knowing they are receiving the best possible care and their finances are protected. Importantly, you have fulfilled your duties as an EPA.
Save Thousands in Aged Care Fees
Making informed financial decisions before moving into aged care can have a significant impact. On average, our clients save $7,000 per year by reducing fees, maximising government support, and optimising their financial strategies. Once in care, residents are typically $5,000 to $10,000 better off annually
Understand Your Aged Care Options
Making aged care decisions begins with understanding how your financial situation impacts your future and your family’s.
Our expert advisers carefully assess your finances and guide you through all available aged care options. With our experience, we structure your finances to maximise your assets and secure your hard-earned assets.
Signs You Need Expert Aged Care Financial Advice
- You’re unsure how to cover aged care costs without selling the family home.
- You’re overwhelmed by the paperwork and government processes.
- Your loved one is moving into aged care, and you need clarity on fees.
- You want to minimise family disputes over financial decisions.
- You need help maximising Centrelink benefits.
TESTIMONIALS
What Families in Perth Are Saying
Perth Local Aged Care Resources
Navigating aged care is simpler with the right resources. This guide will help you get started with trusted sources, essential tools, and local support systems tailored for Perth and Western Australia.
Finding Aged Care Places
The Australian Government’s My Aged Care website is the best place to find and compare aged care homes in Perth. You will also find reviews of facilities and details about costs so that you can make an informed decision.
Family and Carer Support
Caring for a loved one is challenging, but you’re not alone. Organisations like Carers WA offer workshops, advice, and emotional support tailored to Perth families navigating the aged care journey.
Government Assistance Programs
Government assistance programs such as The Centrelink’s Financial Information Service provides free information on costs and benefits of aged care. The Western Australia Department of Health – Aged Care Services provides support through local programs and services to help families make informed choices about aged care options.
Talk to an Aged Care Expert Today!
Fill out the form below for a response within 2 business hours,
or call 1300 944 011 for immediate assistance
Frequently Asked Questions
What Is Aged Care Financial Advice?
Aged care financial advice is specialised financial guidance tailored to help individuals and their families navigate the financial complexities of aged care. This advice can cover various aspects, including options for your family home, aged care fees, accommodation payments, and cash flow and investment strategies, all aimed at optimally funding aged care and keeping aged care costs to a minimum.
Why Do I Need Financial Advice for Aged Care?
Navigating the aged care system in Australia can be complex and costly. Financial advice can help you understand the fees involved, optimise your income and assets, and make informed decisions, so that you can focus on what’s most important; spending time with your loved one.
What Are the Costs Associated With Aged Care?
Costs can include a basic daily fee, a means-tested care fee, accommodation payments (which can be a lump sum or daily payments), and fees for extra or optional services. Our advisers can explain these in detail and help you understand what applies to your situation.
Do I Need To Sell the Home To Pay for Aged Care?
There are several strategies to fund aged care without selling your home. Our aged care advisers can discuss these options based on your specific circumstances.
Can I Rent The Family Home To Pay for Care?
You can rent the family home to pay for care. However, the decisions you make as to whether the home is retained or sold will not only affect aged care fees, but will also impact Centrelink Age Pension payments. This is something that should be discussed with an adviser before making a decision.
Who Pays for Aged Care if You Run Out of Money?
Most nursing homes these days will require a family member or Power of Attorney to sign-off as a guarantor on the initial contract, meaning they will be liable to cover aged care costs in the event that you run out of money or are unable to cover the fees yourself.
What Government Support Is Available for Aged Care?
The Australian Government provides subsidies for aged care homes. These subsidies are determined by an assessment of your care needs and your financial situation. Our advisers can help you understand what you’re entitled to and optimise your situation to be eligible for more support.
Do You Offer a Free Initial Consultation?
Yes we do! Click the button below or call 1300 944 011 to arrange a free consultation with one of our aged care financial advisers. We will take the time to understand your unique needs and goals, determining the level of advice you require, if any.
What Information Do I Need To Prepare for a Free Initial Consultation
We won’t require any detailed information, just general details. Specifically, we’ll need to know if there is a family home, its value, the amount in bank accounts, and any other investments. Only approximate amounts are necessary; statements are not needed.
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