When Andrew’s health started to deteriorate he realised he would be likely to enter an aged care facility within the coming year as he would no longer be able to look after himself. After receiving a consultation on how best to manage his financial affairs he was in a better position to understand his financial options. By the time he was assessed by ACAT (the government body responsible for aged care placement assessment) Andrew managed to be assessed for lower ongoing fees which will save him and his family thousands of dollars over the years ahead.
Disclaimer and Warning
The information above is of a general nature only. It should not be used as a source to make financial decisions. It’s also important to note that the legislation and figures related to this topic tend to change regularly and therefore the information above may not reflect the current status. We recommend that if you are looking for advice on this matter, you should contact us.