by Bottrell WealthHave you got it all covered? It is generally believed that death is final. However, a grieving family knows only too well that the death of a loved one can trigger events that may drag on for years afterwards, especially when it comes to sorting out the estate of the deceased person. Outlined below are […]
by Bottrell WealthNaturally, when investigating options for an elderly person, finding the right level of care is crucial, as is anticipating future care requirements and planning for them. Given a choice, most people would prefer to remain in their own homes and the government has committed to ensuring that home care resources will be gradually increased over […]
by Bottrell WealthPutting aged care costs into perspective – a story A growing number of Australians are encountering the challenges of assisting elderly relatives with the move into aged care. One of them was a new client of ours, let’s call him Rob. Recently, he had to help his formerly active 78-year-old mother, Mary, with the painful […]
by Bottrell WealthDon’t forget these important documents What would happen if you were physically unable to sign important documents or became mentally incapable of making key decisions? This is when a Power of Attorney becomes a vital tool in managing your life – when you are unable to. Put simply, a Power of Attorney is a legal […]
by Bottrell WealthOne of the key tasks for anyone assisting an elderly relative with the move into aged care is to investigate the various fees and charges, some of which are subject to both assets and income means tests. As the family home is often the largest asset and can be a source of income if rented […]
by Bottrell WealthThe end is just the beginning: finding the dream. there is a lot more involved in creating financial independence than just investing. Finding the dream In a world of almost limitless possibilities and with new things constantly clamouring for attention, it can be surprisingly hard to decide on which dreams you want to pursue. The […]
by Bottrell WealthLevels of care Care options include in-home care and residential care providing standard accommodation and personal services. Residents pay for optional additional services. In-home Care Four levels of care: Basic Low level Intermediate High Best suited for Elderly person/s capable of living safely and independently in their own home. What it includes Actual services included […]
by Bottrell WealthAccording to the Australian Bureau of Statistics, in 2017 almost 3.8 million Australians were aged 65 and over. Consider for a moment: this figure shows those people contemplating aged care for elderly family members are fast approaching the age when they’ll need it themselves. Sobering thought. What this means is that as aged care becomes […]
by Bottrell WealthThe first step – Assessment Illness, disability or the passing of the years can make it difficult for you or your loved one to maintain an independent lifestyle. The ideal is to remain in one’s own home for as long as is reasonable and safe, but knowing when independence is no longer feasible is the […]
by Bottrell WealthWho decides what happens to your superannuation savings when you die? You may think that you do, but that isn’t always the case. The ultimate decision may be made by someone you don’t even know – the trustee of your superannuation fund. Let’s look at how you can have greater control. BINDING DEATH BENEFIT NOMINATIONS […]