Blog posts

Typical Daily Costs of Nursing Home Care

The typical costs of Nursing Home Care (Aged Care) are broken down in to daily costs. There are a number of daily costs that on needs to consider when entering Aged Care. Different daily costs will apply to different residents. The following factors will influence the...

What Does DVA Stand for in Aged Care

There are several acronyms used in aged care terminology and one that confuses many people is DVA. The term DVA stands for Department of Veteran Affairs. What is the Department of Veteran Affairs? In relation to aged care, the Department of Veteran Affairs (DVA) is an...

How To Get Someone into a Nursing Home

Moving a loved one into a Nursing Care home or Aged Care facility requires careful planning and a lot of paperwork! This is often the responsibility of the Enduring Power of Attorney. Listed below are the steps required to moving someone into a care home. Aged Care...

Centrelink Aged Care Pension

Centrelink Aged Care Pension The Centrelink Aged Care Pension is the same as the Centrelink Age Pension, which is received by anyone who meets the standard eligibility criteria and is calculated as being eligible for the pension under the ‘Income Test‘ and ‘Assets...

Protecting Assets From Nursing Home Costs

You may have heard that there are ways to protect an aged care resident’s assets from nursing home costs. A resident’s nursing home costs are based on some fixed costs and means tested costs. In some cases, assets can be structured in a manner that will ensure...

Aged Care Financial Planning Strategies

When moving into aged care it’s very important to consider financial planning strategies and cashflow. There are a variety of fees associated with aged care and several different ways that you can structure your assets so as to minimise these fees. Not only that, you...