Ageing (Dis) Gracefully
In need of some living assistance
- Aged care is about big decisions, often made very quickly and with a massive impact! Selling the family home and selecting supported living… do you have the knowledge and expertise to make these decisions?
CAROL
Carol is in her early 60s and single after a lengthy marriage. She had been a homemaker and was heading into new territory taking on sole responsibility for her finances. Through the advice process, Carol’s health deteriorated to the point where she needed a significant level of care.
WHERE WE STARTED
Carol had received a financial settlement which she needed to make the most of to:
- make great decisions for her living arrangements,
- fund her retirement,
- decide whether to sell her home, and
- make sure that her family was on the same page with her estate planning.
We discussed these issues over several years with Carol and worked with her to create a great solution.
WHAT WE DID TOGETHER
The key solutions for Carol were to fund her retirement and plan for living arrangements that would accommodate her deteriorating health.
- We managed to create a sufficiently large income stream and cash reserve for Carol to be living comfortably
- We also created the financial freedom to travel before her health deteriorated
- We worked closely with an aged care placement specialist, to find and fund the ideal living arrangements for Carol
- We worked closely with an Estate Planning specialist to establish and communicate Carol’s wishes
- These arrangements have been shared appropriately with her family and have included setting up powers of attorney whom we now work closely with.
...AND THE OUTCOMES WERE...
- Carol loves her new living arrangements - she has company and is able to pursue her passions in a safe and caring environment
- Carol’s finances are on a very sound footing – she will have more than enough to last her in what could have been a very difficult set of circumstances.