Aged Care Cost & Finance Advice

Callaghans can provide financial clarity on aged care and retirement village decisions

We entered the market of aged care financial advice due to the growing needs of our clients and others in the Canberra and regional community.

Callaghans can discuss and explain costs associated with retirement village living, home care packages, and full time aged care in a residential facility.  We can also help you consider the financial impact of different options when making a move for either yourself or a loved one.

Many people find understanding the financial aspects of the retirement and aged care system so daunting that they will avoid it until a critical situation arises.  Decisions may then need to be undertaken quickly at a stressful and emotional time.  Having a plan in place can help alleviate financial concerns so focus can be directed on the situation at hand.

There is a widely circulated myth that selling the family home is always required to pay for entry into aged care, but this is often not the case.

Callaghans Partners Elleot Politch and Kylie White are our specialists at Callaghans in this area.  Appointments are available to discuss how they can help you or your family have financial certainty about the options available.  Both are qualified CPA accountants and have undertaken vocational training in aged care finance. They also have personal experience in retirement living decisions and aged care.

Benefits of Our Services

$330 Consultation and discussion with Elleot Politch or Kylie White

$660 Retirement Village Cost Review

$990 Aged Care (Home Care or Full Residential Care) Fees Review and Cash Flow

$4400 Options Review including Comparison Cash Flow between Options

FORWARD PLANNING 

Timely planning enables transition into aged care with ease, choice and dignity

SIMPLICITY IN A CONFUSING AREA

 We provide a central point for concerns and discussion and can provide accurate and relevant information based on your unique situation.

AN IMPARTIAL VOICE

 We act as an independent voice during family discussions and can offer impartial options and solutions based on our experience to help agree on a way forward.

CREATION OF A PATHWAY TO FOLLOW

 Clients are able to understand the decisions and actions needed to secure the appropriate level of care and get the new resident safe and secure as soon as possible.

BIG PICTURE THINKING

Full advice is based on a complete understanding of our client’s situation – unwanted and unknown consequences can be avoided as much as possible

CONFIDENCE AND PEACE OF MIND

 Professional advice will ensure that you are able to make informed decisions with confidence

FAMILY COHESION AND CONSULTATION

Minimise the potential for family disputes with a review of estate planning issues in conjunction with aged care decisions.

FORWARD PLANNING

We can discuss options, the costs of those options and what you need to do now to be able to secure your placement in your preferred retirement location.  We also look at how decisions you make now might affect your choices in the future.

SIMPLICITY IN A CONFUSING AREA

We provide a central point for concerns and discussion and can provide accurate and relevant information in regards to calculation of costs for acquisition, ongoing expenses and exit. 

AN IMPARTIAL VOICE 

We act as an independent voice, separate to village providers, and can offer impartial considerations and advice. 

BIG PICTURE THINKING

We can help highlight any other considerations you may not have thought of, particularly in regards to Centrelink payments and future needs.

CONFIDENCE AND PEACE OF MIND 

Professional advice will ensure that you are able to make informed decisions with confidence

FAMILY COHESION AND CONSULTATION

Minimise the potential for family disputes with clear understanding of what will be taken by the village as part of their fee structure when you vacate the retirement village property.