Blog Archives

Elder Abuse

​With the increasing proportion of people aged 65 and over, the problem of elder financial abuse is a growing concern. While the full extent in Australia is unknown, conservative estimates suggest at least 10 per cent of older Australians suffer from financial abuse each year. The surprising factor is that their adult children are most

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How to help kids financially without severely impacting your own savings

Family gatherings at this time of year may trigger talk of early inheritance or financial assistance with upcoming expenses. But, as they say on the airlines; fit your own life vest before assisting others. It doesn’t matter whether additional funds are needed to pay for living expenses, school fees or holidays; take the time to

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Home Care Package Changes: More choice for elderly

Consumers are used to shopping around for the best electricity and phone deals. Now people who receive aged-care services in their home will be able to do the same. Recipients have a far greater control over which provider delivers the services they need, in a manner they are happy with, cost effectively. Under Increasing Choice in Home

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Home Care Changes

Home Care Becomes a Buyer’s Market CONSUMERS are used to shopping around for better deals with cars, interest rates and hotel rooms. Under Increasing Choice in Home Care reforms, from February 27, if someone with a home-care package is unhappy with the service they are getting from a provider, they will easily be able to

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Leave your affairs in order

Leaving your affairs in order is a gift to those left behind. Keeping the following information in one folder that holds all the relevant documents and/or information will assist the executor and family to carry out your wishes in a timely way. Note: Remember to make sure that family and executors know where the folder

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Dying to know

Death and dying aren’t regular dinner table conversation. But that doesn’t mean they should never been mentioned. How else will someone know what you want? Plan to plan Burial or cremation, church or hall, music or hymns? These are all decisions that at the time of death someone generally has to make on behalf of others.

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Five ways to fund aged care

  Placing a parent in an aged care facility can be a distressing time for families. It is not a pleasant experience financially either. Since the federal government introduced aged care reforms in July 2014, collectively families have been forced to find an extra $3 billion a year to move an elderly relative into an

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Residential aged care for pensioners

The government will subsidise aged care for elderly people with low means June Daley*, 93, shared her home with her daughter Marjorie, 66, for 15 years before she moved into residential aged care. The aged pensioner had savings of about $80,000 but nowhere near the $300,000 refundable accommodation deposit her preferred care home was asking. Marjorie

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Payment options for aged care

A guide to the different options of residential aged care and what you can expect to pay When Olga Kucera, 92, was advised for health reasons to move into residential care her immediate thought was to sell her home up the Hawkesbury River. But when the keen gardener was presented with the more financially viable

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Starting the aged care conversation

January is when many families confront the need for aged care, after spending time together over Christmas. When Barry Ridge, 87, was diagnosed seven years ago with Lewy body dementia his wife Edith, 87, and family knew that his care needs would steadily increase. For several years they managed in their home of 25 years

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