Credit specialist launches aged care loan product

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Credit specialist, La Trobe Financial, is pleased to announce a new and innovative Aged Care Loan product further cementing its broad specialist product suite credentials. As the ageing population rapidly grows in Australia, approximately $3 billion per annum is already required to fund individuals moving into aged care facilities. Such deposit, known as the Refundable […]

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The secret bond option for grandparents

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Grandparents are increasingly utilising insurance bonds to leave bequests to their grandchildren that are beyond will disputes. Case study – Grandparents passing assets direct to grandchildren, bypassing their wills: Seventy-year old Geoff slumped into the armchair and look resignedly at the ceiling. “No one ever said being a parent would be easy. But I thought […]

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Elder abuse: Planners need to recognise the warning signs

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Changes in your elderly client’s personality, an indication that the client is becoming increasingly reliant on others, or seeing other people increasingly speaking on behalf of your elderly client and not wanting you to contact them, are all warning signs that elder abuse could be occurring, says Anna Hacker, National Manager – Estate Planning at […]

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New partnership gives advisers a step up in aged care advice

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Centuria Life, the investment bonds division of Centuria Capital, yesterday announced a new initiative to support the delivery of expert financial advice in the complex and growing area of aged care. This is a partnership with Aged Care Steps, a specialist provider of aged care accreditation training for advisers. “There’s a lot of talk about meeting […]

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Reducing fees for pre 1 July 2014 aged care residents

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Clients who moved into residential aged care before 1 July 2014 may think they are lucky to remain under the old rules. These rules calculate the ongoing care fees on assessable income only, instead of the new means-tested calculation which can mean lower fees. But if these clients have defined benefit super pensions or high […]

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Infographic: Trends and opportunities in aged care advice

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The ageing of the population is one of the major forces shaping the demand and delivery of financial advice.  This ageing tsunami has long been touted as one of the key economic and social driver affecting Australia over the long term.  This has been reinforced by the recent intergeneration report. This infographic demonstrates the repercussions […]

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Managing home-care fees

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As clients get older they may need help with our daily living activities. The frailty of older age or some illnesses may make it harder to live independently without help from a spouse, family or aged care service provider. The government subsidises a range of aged care services. And clients do not necessarily have to […]

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New aged care rules boost the advice opportunities for professionals

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Organising a move into aged care is a stressful and emotional time for an older person and their family. The new aged care rules that came into effect on 1 July are likely to increase the confusion for clients and their families. “Clients are more likely to need advice to navigate through the new rules, […]

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Average Australian going into aged care will pay around $10,000 more

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The average Australian going into aged care will pay around $10,000 more after 1 July 2014 – harsher fee levels make aged care more expensive AUSTOCK Life has calculated that people entering aged care facilities after 1 July will be up to $10,000 or worse off rather than entering such a facility in the current […]

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Aged care to cost more after June 30

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The Aged Care reforms due to come into effect on 1 July 2014 will see retirees paying more for their admission to, and ongoing care in, aged care facilities, says Anna Lawton, senior manager, aged care services at Equity Trustees Limited. “If a move to an aged care facility is something that is being considered […]

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