Balance are a family-owned financial company that specialises in Retirement & Aged Care. As Australia’s first aged care specific financial company we have helped over 30,000 people move into retirement villages and aged care.
If you have any questions, please call for a free initial chat so we can answer any questions you may have, and we can also conduct a free initial phone consultation to advise how we can help and if needing an appointment our price for an appointment.
Financial Modelling for Aged Care:
Moving into aged care is based on a means test (assets and income), this assessment determines how much the government is going to contribute to the persons care and/or accommodation costs.
Our job as an aged care specialist is to look at all the options you have available to find the best financial outcome for the person entering aged care. These options may include, selling/renting/keeping the family home, gifting money to family, paying a bond of $500,000 vs $1,000,000 in aged care, choosing a home with or without an additional service fee. All these options mentioned will affect pensions, cashflow, capital, so our job isn’t to advise on the best outcome it is to calculate the mentioned options and how it would affect the person entering residential aged care. More often that not people look at the cashflow for each option and want to choose the best outcome that also meets their financial and personal needs of the family.
We offer a discounted rate for video appointments Australia wide. We can offer face to face appointment in NSW and will have a team member available in QLD and VIC soon.
Aged Care Consultant:
Our aged care consultant can provide additional services to our financial modelling which includes.
- Aged Care Placement – finding a suitable home that meets your loved ones care, financial and geographic needs
- Centrelink or Department of Veterans Affairs (DVA) Assistance – Applying for pensions, pensions claims, completing forms.
Estate Planning:
If you have moved into aged care and paid an accommodation bond, even though this is government guaranteed, when the person in care passes, you must apply for probate before the family can receive this money.
Our team can conduct probate in NSW, unlike solicitors we do NOT charge on the value of the estate, we charge on the total number of assets. Whether someone has $15m or $1m why should families be charged more because the estate is worth more, when the time in work is spent when there is more assets (banks accounts, properties, investments, etc).
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