AGED CARE FINANCIAL ADVICE MELBOURNE

Set the main goals first

Getting family together to set common goals is the first step to making the right plan for your elderly parents’ care.

• Deciding on aged care or home care
• Choosing the right facility
• Selling or retaining the family home
• What to do with other financial assets

Explore all possible scenarios

There are various options available to fund aged care. Each scenario will affect the age pension, daily care costs and the family’s estate value. We offer a financial comparison detailing how each scenario with differ so you can make the right decision.

Things to consider with each scenario available to you:

• Renting or selling the family home
• Borrowing against the family home
• Selling down shares and other financial assets
• How Centrelink benefits will be affected
• How upfront and daily care costs will be paid

After analysing each scenario, you will be able to ascertain which of the following options are best:

• Paying the Refundable Accommodation Deposit (RAD)
• Paying the Daily Accommodation Payment (DAP)
OR
• A combination of both

CONTACT US TODAY

To see how Cursio Group can help

LET US KNOW HOW WE CAN HELP

HERE ARE THE THINGS WE CAN HELP YOU WITH

Keep or sell the home?

You may not need to sell the family home. This is an important decision, with large financial implications. Many factors need to be carefully considered.

Complete Centerlink forms

We can complete the Centrelink assessment, check the results and even become nominee, so you don’t have to spend hours on hold.

Decrease Aged Care fees

We have strategies to reduce aged care fees. This is important so as to be able to pay the bills and protect the estate.

Maximise the Age Pension

Aged care is expensive. It is vital to obtain as much government support as possible, so as to reduce the chances of funds running out.

Avoid an expensive mistake

Aged care financing is a complicated area, a small mistake can cost thousands per year.

Forecast Cashflow

Cashflow is important to ensure that the aged care home direct debits will be paid. The enduring Powers of Attorney will be asked to guarantee ongoing payments.

Advice on existing investments

Are there investments purchased months ago or decades ago? Only an experienced advisor will understand these investments and how Centrelink will assess them.

How to pay the fees

How are you going to pay the aged care fees? You need the correct strategy.

Guide you on your responsibilities as a Power of Attorney

Being an enduring Power of Attorney is a legal responsibility. You need to protect yourself from making an error as even small mistakes can have serious consequences.

LET US KNOW HOW WE CAN HELP

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CLIENT TESTIMONIALS

Adam helped me to negotiate a great deal on my motor policy and we look forward to building our relationship with the team at Cursio Group in the near future.

Steve T, Porter Davis
When my home and business property in Mickleham were caught in a bushfire and the insurance company threatened not to pay my claim in full, Tony Cursio and his team stepped up to the plate in a big way to make sure my claim was paid. I would strongly recommend Cursio Group.
Mario Z, Horse Breeder and Restauranteur
Cursio Group have helped us to pass as much risk on to insurers as possible. This has allowed us to focus on what we do best, knowing that we are covered and looked after by an experienced team of brokers. Thanks guys!
Tijana D, Core Metrics
Adam Cursio has gone over and beyond in helping us wherever he can with insurance, finance and general business related matters. Thanks for the help over the years Adam.
Robert P, Zero95 Pizza Bar
Adam Cursio has always been there for help in business related matters especially in insurance and finance. We have always been able to count on him and his family business who put a lot of passion into their work. Very trustworthy family and happy to recommend Cursio Group to anyone looking for advice.
Anthony B, Biviano Developments