Aged Care Financial Advice

As we continue to get older and life expectancies increase, planning for future care has become more important than ever. When the need for aged care arises, the associated costs can be significant and it is vital that individuals and their families seek specialist advice care advice to help them make informed decisions about care options, including home care, residential aged care, and other services.

At Astier, we understand the complexities and sensitivities involved in ageing and the implications and stress it brings. Our mission is to provide tailored guidance to our clients addressing the unique needs of families and individuals planning for aged care, to help them understand and simplify the range of care options available to them, while constructing an easy to understand plan to best use their financial resources.

The importance of financial planning in aged care cannot be overstated. It encompasses a range of issues, from ensuring sufficient funds for long-term care and medical expenses, to preserving assets for future generations and estate planning. Without proper planning, families may find themselves unprepared for the significant costs associated with aged care services, leading to financial strain and emotional turmoil – risking costly mistakes without the right advice.

Through our expertise and commitment to personalised financial solutions, Astier alleviates the burden of aged care financial planning. We empower families and individuals to make informed decisions, ensuring financial security and peace of mind during life’s transitions.

In a complex situation where informed decisions need to be made amidst emotional stress, aged care financial advice can help individuals and families to make the right personal and financial choices for their future care needs.

Why Choose an Aged Care Financial Adviser?

Preparing for aged care for yourself or a loved one can be a difficult and stressful task. But you don’t have to face it alone. An advisor can guide you through the process, providing professional advice and support to create effective solutions for your family.

But it’s important to be aware that aged care advice is a specialist area and not all advice is good advice. The rules change constantly, as do the available strategies, and you don’t need the extra stress of wondering if you’ve received quality advice.

At Astier, we offer a specialist aged care advice is provided by an Accredited Aged Care Professional™ and Financial Advice Association Australia (FAAA) Aged Care Specialist™.

Partnering with a specialist advisor can give you clarity and expert guidance tailored to your specific situation. This provides you with the right advice when you and your family need it most.

Contact us today to learn more about how Astier can help you plan for your future care needs.

Working With Your Adviser

At Astier, we work with closely with clients locally in Adelaide and around South Australia to develop comprehensive aged care plans with a client first focus. Working with you as your adviser we can help with developing the following.

Planning Your Aged Care Needs

As a specialist aged care advice offering we have expertise in helping individuals and their families to understand the range of care options and how the aged care system works. We also have key relationships with and understand local Adelaide aged care providers to ease the burden on families dealing with different providers.

We focus on working with you to outline the steps involved in finding and accessing the right type of care, and act as a central reference point for clear and relevant information on aged care and how your finances may be impacted.

We make sure to identify what’s important to and achieve your goals and objectives.

Understanding Aged Care Costs and Fees

Whatever your needs and choices, identifying your options and making effective decisions can become overwhelming without good advice and an effective plan. This is where our specialist aged care advisors can offer you clarity and transparency, helping you make informed decisions about your financial commitments.

We can review your financial situation to help provide solutions that meet your goals and objectives and evaluate what you can afford so you can focus on searching for a suitable aged care service.

We can also explain the range of fees and how they are calculated to estimate what you might need to pay, ensuring you have a clear understanding of your financial obligations.

Developing a Tailored Plan

We can work with you to develop a plan tailored to your situation to maximise your financial resources in line with your personal goals and objectives.

In developing your plan we can:

• Determine the financial implications of keeping or selling your home (if you can use it to fund your aged care).
• Evaluate the options and strategies for your accommodation payment or contribution.
• Review the potential for strategies to maximise age pension and minimise fees.
• Develop strategies that generate a regular and reliable income to cover your ongoing care fees and living expenses.
• Design strategies that consider your family situation and estate planning needs.
• Highlight the implications of investment decisions on your estate plan to help avoid unintended consequences.

Ongoing Assistance

We can provide ongoing support and monitoring to you to ensure your aged care plan continues to be meet your needs and remains a sustainable ongoing solution.

To help manage your financial situation we can:

• Provide ongoing advice on your financial investments to ensure they are invested in line with your needs.
• Manage your ongoing reporting obligations with Centrelink to ensure you pay the correct fees.
• Undertake scheduled reviews and make adjustments if or when your circumstances change.

At Astier, we are committed to providing personalised, expert guidance to help you navigate the complexities of aged care financial planning with confidence and peace of mind. Contact us today to find out how we can develop a plan to meet your needs.

Case Studies

At Astier, we take pride in our ability to make a meaningful difference in the lives of families and individuals navigating aged care financial planning in Adelaide. Here are a few examples showcasing the positive outcomes our services have achieved:

Example Case 1:

Mrs. Smith, a retiree in Adelaide, was overwhelmed by the prospect of funding her husband’s aged care needs while maintaining her own financial security. With the guidance of an Astier Aged Care Adviser, she was able to navigate the complexities of aged care funding options and government subsidies. Through careful planning and strategic advice, Mrs. Smith was able to secure the necessary funds for her husband’s care without depleting her savings, providing her with peace of mind and financial stability.

Example Case 2:

The Jones family sought Astier’s assistance when faced with the daunting task of finding suitable aged care services for their elderly parents in Adelaide. Our team of advisers provided comprehensive support, helping them understand the various care options available and navigate the admission process. With Astier’s guidance, the Jones family found a reputable aged care facility that met their parents’ needs and budget, ensuring they received the quality care they deserved.

These success stories underscore the value of partnering with Astier for aged care financial advice in Adelaide. Our personalised approach and expertise empower individuals and families to make informed decisions, leading to positive outcomes and peace of mind.

FAQs

What are the typical costs associated with aged care?

Costs vary depending on the type of care needed and the individual’s financial situation. They may include accommodation fees, care fees, and additional services charges.

The government will contribute to the cost of your care, but you will also be asked to contribute if you can afford to. If you cannot afford it the government may also subsidy your accommodation costs.

What services does aged care financial planning cover?

Aged care financial planning encompasses a range of services, including advice on your financial situation, aged care fees and costs, government subsidies, Centrelink, estate planning and different care options.

How do I choose the right Aged Care Adviser?

Look for advisers with expertise in aged care financial planning and who have proven experience and qualifications in aged care. Ask if they are an Accredited Aged Care Professional™ or Financial Advice Association Australia (FAAA) Aged Care Specialist™.

At Astier, our aged care team meet these criteria, boasting expertise in aged care financial planning and a commitment to providing personalised service offerings. We understand aged care and take pride in our tailored consulting process across Adelaide and South Australia, designed to meet your specific needs and goals.

Ready to navigate aged care financial planning with confidence?

Contact Astier today for a consultation tailored to your needs. Our experienced aged care advisers are here to provide personalised guidance and support every step of the way.

Whether you’re exploring funding options, planning for future care needs, or seeking assistance with estate planning, we’re here to help. Start your journey towards financial security and peace of mind by reaching out to Astier today.

Download our Planning for Aged Care brochure. This brochure discusses the steps to consider when planning to move to residential aged care.