The move to residential Aged Care is typically emotional and complex for both the person going into care and their family. To make matters worse, it often happens after a sudden deterioration in a health condition that has, up until that point, been manageable at home.
So, the speed at which critical medical, financial and care decisions need to happen can be overwhelming. Often, it is the adult children of an elderly parent, with busy careers and families of their own, that are left struggling to fill the gaps between acute hospital care and limited in-home support while they research Aged Care facilities, contracts and funding arrangements.
It's a situation FMD advisers have seen time and time again and have supported many of our clients through. With winter upon us and more elderly people needing to make the transition to residential care, our Aged Care advice service is focussed on equipping families with the facts as early as possible, to give them more control over their situation and ultimately, better outcomes.
Our 7-Step Aged Care Advice Service covers everything you need to consider and where to get help for each step. Following these steps with the support of your FMD adviser, who understands your family’s unique personal and financial circumstances, can avoid stressful and costly pitfalls that often arise in the move to Aged Care.
Find out more here or speak to your FMD adviser for further information. If you have a friend or colleague who needs help they can make an appointment with one of our aged care specialists to get some expert advice.
General advice disclaimer: This article has been prepared by FMD Financial and is intended to be a general overview of the subject matter. The information in this article is not intended to be comprehensive and should not be relied upon as such. In preparing this article we have not taken into account the individual objectives or circumstances of any person. Legal, financial and other professional advice should be sought prior to applying the information contained on this article to particular circumstances. FMD Financial, its officers and employees will not be liable for any loss or damage sustained by any person acting in reliance on the information contained on this article. FMD Group Pty Ltd ABN 99 103 115 591 trading as FMD Financial is a Corporate Authorised Representative of FMD Advisory Services Pty Ltd AFSL 232977. The FMD advisers are Authorised Representatives of FMD Advisory Services Pty Ltd AFSL 232977.