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Making an informed decision about aged care is incredibly important.
Making the wrong decision can have far-reaching consequences for the whole family. When aged care decisions go badly, the stress can lead to family conflicts.
The first place to start is reviewing your current financial position.
The Cutcher & Neale Aged Care team can then model various scenarios and forecast cash flow and net asset positions considering initial and ongoing aged care fees.
These scenarios illustrate the consequences of key decisions, such as what to do with the family home, how to fund initial and ongoing fees and what effect each has on government entitlements such as the age pension.
The costs associated with residential aged care can be complex and difficult to understand. Navigating through these options, particularly if the need is urgent, can be a very stressful process for those going into care as well as their families.
That is why discussing aged care needs with an experienced advisor is the key to making informed decisions.
The contribution to the cost of aged care can be divided into three broad categories:
BCom, CA, F.Fin, CTA, SSA™, SSAud
Shane joined Cutcher & Neale in January 2005 and became a Partner in July 2012. He works within our medical and dental divisions and has a particular interest in self managed superannuation for our medical and dental client base.
Shane is a noted presenter and commentator, regularly speaking at events for a range of industry organisations including the Australian Dental Association (ADA), Australian Medical Association (AMA (NSW), the Australian Association of Practice Management (AAPM), and the SMSF Association.
He has extensive experience with medical and dental professionals and has assisted many practitioners in planning and structuring their businesses, improving their financial performance and structuring for business succession.
BCom, Dip FP, Cert IV FMB, CA
Matt is an Associate of our Accounting and Taxation Services division and has over 15 years’ experience in the taxation and business advisory field assisting clients across a wide range of industries.
Matt enjoys working closely with clients to help them achieve their personal and business goals. He believes in a holistic approach to advising clients, putting their goals front and centre and working together to achieve the best outcomes.