HOW CAN ORANGE FINANCIAL PLANNING HELP?

Here at Orange Financial Planning, we often see people tying themselves in knots trying to make “good” aged care decisions for themselves or their loved ones.

Like all major life and financial decisions, making “good” aged care decisions can have significant implications for you and your entire family. Getting the right professional advice at the right stage of the process will make life a lot easier for everyone and will ensure you make the right decision for the situation at hand.

Advice from an Accredited Aged Care Professional like Orange Financial Planning can help take the stress out of navigating aged care decisions by…

  • Helping you and your family to understand the range of care options and how the aged care system works.
  • Outlining the steps ahead to help you find and access the right type of care.
  • Providing an understanding of how the various options impact finances.
  • Explaining the myriad of jargon and new terminology that you are now confronted with.
  • Providing solutions that meet retirement or care objectives and needs.
  • Providing strategies to improve cash flow and maximise benefits.
  • Outlining investments and Centrelink options to fund aged care costs.

 

WHAT’S THE COST OF MAKING THE “WRONG” AGED CARE DECISIONS?

It’s no secret that Australia’s aged care system is incredibly complex. Making the wrong decisions can have a high financial and emotional cost. Having the right professional advice can make sure you avoid the pitfalls many fall into.

Common traps include selling the family home without first checking the full impact on your financial position and benefits. Many also only take the advice of the care facility or other agencies. Getting generic advice doesn’t take into consideration all aspects of your individual situation.

Other problems such as not sorting your power of attorney properly or not having adequate and up-to-date estate planning in place can further complicate the process.

Often people with little or no assets don’t need financial advice. Those who own a family home, other properties, or have shares, trusts or other investments accumulated throughout their life need to get professional advice to protect everything they have worked hard for.

MAKE AN APPOINTMENT FOR A REVIEW TODAY!

At Orange Financial Planning, we believe in preparing for every phase of your life. Increasing life expectancies and improvements in medical technology mean the likelihood that you and your loved ones will at some stage need aged care advice is almost inevitable.

When an aged care need arises, it can be a time filled with feelings of guilt and fear. There is often also a real sense of urgency and multiple family members involved in the process. If people are unprepared for the transition, this may lead to angst, family conflict and poor decision-making.

Financial planners and other advice professionals have a responsibility to proactively raise issues with their clients and be ready to provide aged care advice when the need arises. Effective planning and good advice will provide more choice and greater control in every aspect of the process.

Give us a call at Orange Financial Planning TODAY to review your situation and see how we can help you with quality aged care advice.

Tyron Mitchell

Contact us today on (02) 5310 4477 or drop us a line HERE! 

See here for more information on aged care advice and Orange Financial Planning services…

NEED TO MAKE A DECISION ABOUT AGED CARE FOR YOURSELF OR A LOVED ONE? Aged Care Steps. 

RETIREMENT PLANNING with Kim Bryant, Orange Financial Planning. 

PREPARING FOR AGED CARE with Kim Bryant, Orange Financial Planning. 

WHAT IS AGED CARE ADVICE? 

ORANGE FINANCIAL PLANNING – WHAT WE DO 

Mitchell Advice Pty Ltd ABN 44 625 356 872 t/as Orange Financial Planning is a Corporate Authorised Representative of Synchron AFS License No 243313. Unless specifically indicated, the information contained is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek personal advice from a financial adviser.