Big changes are on the way for aged care, with new rules starting from 1 July 2025. While these changes aim to create a more sustainable and fairer system, they do bring added complexity — especially when it comes to understanding the fees and making the right financial decisions. Here are the five key things…
A good estate plan will help make sure your wishes are carried out when you die. It can also help if you become unable to make your own decisions. Estate plans An estate plan records what you want done with your assets after your death. It can include documents such as: your will a testamentary…
The end of a relationship is never easy, but there are steps you can take to help things run more smoothly. First steps when you separate A good first step is to try to agree on practical matters, even if it’s just for the short term. Together, decide: who will stay in the house and…
At this time of year, when giving is particularly on our minds, some might turn their attention to how best share their wealth or an unexpected windfall with their loved ones. You might be thinking about handing over a lump sum to help them with a major purchase or business opportunity, or be keen to…
After a long wait, new legislation which is aimed at reshaping how aged care is delivered and funded in Australia has been passed. Like most countries around the world, our population continues to age, making it important to have a sustainable aged care system that provides quality care and treats our older Australians with dignity….
Ah, Christmas! – the time of year when your bank account shrinks, your social calendar explodes, and your family dynamics resemble a poorly scripted soap opera. As we navigate this festive minefield of shopping, social gatherings, and feasting, it’s common to feel a little frazzled. In fact, research has found that the holiday season is…
It’s more than prawns and pavlova. The festive season brings families together from near and far. If you notice signs that an older family member is experiencing the declines of ageing, be observant and take the opportunity to start a conversation. As the year flies by, it’s easy to miss subtle changes in your loved…
As parents, the instinct to support our children never truly fades, even when they become adults but when you are looking at giving them a financial helping hand there is a bit to consider. It’s important to ensure any support you provide is not at the expense of your financial future. It can also be…
Changes to aged care fees are coming, and they will impact both home care and residential care. After a long wait and lots of speculation, the government has released details of the proposed changes. While some people will see their fees increase, the good news is that aged care remains heavily subsidised, and fees will…
Life can be busy and complex for the ‘sandwich generation’ who find themselves stuck between caring for grandchildren and ageing parents. Most people are unprepared for aged care because, let’s face it, no one wants to get old – but if we are lucky, we will. Families are better off being prepared. Apart from the…
