Moving family members into permanent aged care is a difficult and emotional experience. The need often arrives with little warning and leads to a complex array of decisions. Once the aged care home has been selected, a raft of confusing financial matters arise including negotiation of the accommodation deposit and funding, daily and extra service fees, means tested fees, sell or retain the family home, dealing with Centrelink, and the list goes on. Appropriate structuring can minimise fees and maximise entitlements, whilst inappropriate structuring may result in tens of thousands of dollars in additional costs, year after year. Compounding the stress is the very short time in which to make all these decisions for your loved ones.
Who We Are
At Joseph Palmer & Sons we have a deep knowledge of the aged care system and all its intricacies and have gone through the transition to aged care with our own parents. We are also investment managers dating back to 1872. Our personal journeys, together with our professional experience in financial services, enable us to expertly advise and guide you through the complexities of aged care. The Aged Care division is managed by Rodney Horin with the team consisting of John Rawling and Liz Condell in Melbourne and Ron Stephens in Sydney.