As Frances was about to enter an aged care facility she was considering selling her home to pay for the aged care facility. Her family believed that this was the only option available to them. After receiving a financial consultation they realised there were a few alternatives including keeping the home long term or at least for a few more years in order to obtain a higher price in a stronger property market. A financial modelling report and explanation of the options helped Frances and her family understand the advantages and disadvantages of each scenario. This gave Frances and her family the opportunity to make the right decision for their circumstances which resulted in her saving tens of thousands of dollars.
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.