Aged Care
Do people know when it is the right time to go into aged care, most people leave it 5 years too long before making the decision to go into an Aged Care facility. Do you want to have a choice in which you Aged Care facility you want to live in?
Pennywise Investments can help you have those difficult conversations with your elderly parents.
We discuss the options of aged care and home care, and the benefits of both. Then we outline the steps that are required.
The conversations that we have with our clients about getting some extra support are always on a positive note with focus around retaining our clients dignity and capability . We focus on what our clients can still do and how this can continue to be supported in a care environment, rather than focus on the ways that they are not managing. We share positive benefits that clients can gain from having some assistance or making that difficult transition from the family home to an Aged Care facility and how this will add value to their lives. We add valuable support to the family carers that are assisting their family members.
Sometimes people just don’t want to admit to failing health, cognitive decline or just feeling helplessness but they don’t want to feel that family members are forcing them to admit this. This is where Pennywise Investments expertise can assist you.
Pennywise Investments can help you:
• Have that conversation that is often far too emotive for family members to be able to have.
After making those initial decisions Pennywise Investments can assist you with arranging assessment by ACAT (Aged Care Assessment Team). This is the first step in establishing the type of care that will be available and required by the client.
Once the type of care required is established, Pennywise Investments can help you find an Aged Care facility that meets your needs and has accommodation available, this is no easy task. We then provide assistance to complete all the application forms and have contact with many of the local Aged Care providers and Home Help providers and are able to make enquiries on your behalf.
Our financial planner is the only accredited Financial Planner in Aged Care in the Southwest, his knowledge and contacts in the local Southwest areas ensure that you get the best possible result in your search for the desired services.
Pennywise Investments can help you:
• With a clear defined pathway for the best choices.
• Complete all application forms.
In this emotional time for a family, crucial financial decisions must be considered.
• Will the family home have to be sold or are there other options?
• Will the Centrelink or DVA pension be lost?
• What are the Aged Care fees and how will they be paid?
• Will there be enough money to afford long term care?
• Will there be enough spending money?
The financial implications of Aged Care or Home Care are complex, with relevant facts and figures changing regularly throughout each year. Unfortunately, seemingly simple financial decisions taken in haste can have long term detrimental financial implications.
Pennywise Investments can help you:
• Make the correct financial decisions.
Whether receiving Home Care or living in an Aged Care facility, our advice to a client provides clear definition of the situation and options, and peace of mind so that:
• Accommodation payments may be made comfortably
• Government pensions and other entitlements are maximised
• Aged Care and Home Care fees and charges are minimised
• There is sufficient regular income to pay all fees and provide adequate spending money
• Invested funds are secure
• Spouse is protected
Pennywise Investments can help you:
• By providing advice with a full explanation of Aged Care fees and charges as well as the implications for ongoing entitlements from Centrelink or DVA, including scenarios which illustrate the financial consequences of retaining, renting, or selling the family home.
Pennywise Investments can help you with:
• Support and understanding from experts in Aged Care financial matters
• Peace of mind through a specialised financial plan for Aged Care complete with recommendations for the best possible financial solution
• Advice on secure investments and estate planning needs such as Wills and Powers of Attorney & Guardianship
• Implementation of your financial plan
• Ongoing assistance dealing with Government and other institutions
Pennywise Investments will deliver you peace of mind.
Pennywise Investments does not have any affiliation with any Aged Care provider. We therefore provide advice that is perfectly tailored to your unique situation, and pride ourselves in our personal approach.
Unit 1/14 Carey St, Bunbury WA 6230
Telephone: 08 9791 9113
Facsimile: 08 9791 9114
Email: pwi@pennywiseinvestments.com.au
P.O Box 1376, BUNBURY WA 6231
Information published on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this document is General Advice and does not take into account any person’s particular investment objectives, financial situation and particular needs. Kingsace Pty Ltd ABN 82 083 163 697 t/a Pennywise Investments is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049, who holds an AFSL and Australian Credit Licence No. 236523.
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