Made easy
AGED CARE PLANNING
Simplifying the transition
Aged care financial advice
Placing a loved one into aged care is one of the most challenging decisions a family can face. The emotional toll can be immense, often leading to feelings of stress, guilt, and uncertainty.
Understanding the Aged Care System
On top of the emotions, navigating Australia’s complex Aged Care system can feel overwhelming. With fees, assessments, and Centrelink implications to consider, many families are left unsure of where to start.
Support When You Need It Most
At Thrive, we understand the intricacies of aged care planning. We’re especially passionate about supporting families through this time of change.
Our Role in Your Journey
Our goal is simple — to ease the burden so you can focus on what truly matters: spending quality time with your loved one.
Why is aged care planning essential?
Comprehensive Considerations
Beyond finding a suitable facility, aged care planning involves evaluating financial aspects like tax implications, social security benefits, and the impact on the family home.
Impact on Future Generations
It’s crucial to carefully consider how your decisions will impact the financial well-being and future of your next generation, ensuring that your choices support long-term stability and security for your family.
Expert Financial Advice
Our team offers tailored financial guidance to help you expertly navigate the complexities of aged care financial advice, ensuring that every aspect of your financial situation is addressed with clarity and confidence.
Holistic Approach
We assess all aspects of your financial situation to ensure optimal care for your loved one while protecting your family’s financial well-being.
How we can help
1. Comprehensive Financial Assessment
We’ll review your entire financial situation, including assets, income, and any potential entitlements, to provide you with a clear understanding of your options.
2. Tax and Social Security Guidance
Our team will help you navigate the tax implications of aged care, ensuring you maximise any available social security benefits.
3. Family Home Considerations
We’ll guide you through the complex decisions surrounding the family home, helping you understand how it’s treated under the Aged Care Financial Advice.
4. Future Generations
We’ll assist in planning for the next generation, ensuring that your financial decisions today align with your long-term goals.
5. Ongoing Support
Aged care planning doesn’t end once a decision is made. We offer ongoing support to ensure that your plan adapts to any changes in your loved one’s care needs or financial circumstances.
Frequently asked questions about aged care planning
Determining when it’s time for aged care is never easy. Signs to look out for include declining health, difficulty managing daily tasks, and concerns about safety at home. Our team can help you assess your loved one’s needs and guide you through the options available.
Aged care costs can vary significantly depending on the level of care required and the chosen facility. They way in which your assets are structured will also impact your aged care fees payable. We’ll work with you to understand the fees involved, explore funding options, and develop a financial plan that optimises your situation.
The family home is a major consideration in aged care planning. Its treatment depends on various factors, including whether a spouse or dependent is still living there. We’ll help you navigate these rules and understand your options.
Your eligibility for social security benefits, including the Age Pension, may be affected by aged care decisions. We’ll provide clear advice on how to maximise any benefits you’re entitled to.
Balancing quality care with financial stability is crucial. Our team will help you develop a strategy that prioritises your loved one’s well-being while preserving their assets as much as possible.
Your trusted partner in aged care planning
Ready to take the next step?
Contact us today to start your aged care planning journey. Whilst we are based on the Sunshine Coast, we help clients with these needs all over the great state of Queensland. Let us help you make informed decisions that honour your loved one and secure your family’s future.
Looking into home care support? Start with a My Aged Care assessment, then compare approved providers and learn about home care packages and costs. If you’re caring for someone, Carer Gateway also offers extra support and resources.
