Stockbroking | Wealth Management | Corporate Advice

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Advice service

Knowing what to do and what your options are when you or your loved ones can no longer live independently can be confusing. Getting the right information and advice now will help you make the best choices for your future care, security and happiness. Plan ahead to give yourself and your family time to make the best decision.

As a starting point, we offer an obligation-free 30-minute phone appointment, where we can answer all of your questions and provide general aged care financial advice. You can book your free 30 minute phone appointment online – just complete our short registration form and a member of our Aged Care Advice team will be in touch.

Aged care financial advice

Aged care financial advice is specific, complex and the following issues require consideration:

  • How to fund the initial accommodation payment (lump sum, daily payment or combination) and ongoing costs of aged care
  • Maximising Centrelink entitlements
  • Minimising aged care means tested fees
  • Showing the benefits of tax offsets
  • Deciding whether to stay in the family home or rent/sell the family home
  • Reviewing other relevant strategies
  • Estate implications

Morgans Aged Care Advice Service

Our Aged Care Advice team can assist you in making sense of the aged care system and base their decisions on sound financial advice.

Our service offers you detailed advice considering your personal circumstances by:

  • Illustrating how the Government may subsidise your aged care costs
  • Analysing a range of payment options for your care at home or in residential care
  • Providing detailed cash flows over five years, taking into account available tax offsets and Centrelink exemptions
  • Projecting future asset values for beneficiaries
  • Modelling the impact of concessions for your home

How does the service work?

Contact Morgans to arrange an aged care advice appointment. Our service includes:

  • An initial free discussion (30 minutes)
  • Completion of an aged care questionnaire
  • The returned questionnaire will be reviewed by Morgans – follow up discussion if required
  • Morgans will prepare a comprehensive aged care strategy paper specific to your circumstances, comparing up to five accommodation funding options, within five days
  • Morgans will arrange a second discussion, present the strategy paper, answer questions and discuss any associated issues

Cost

There is no charge for your initial obligation free, general advice 30 minute discussion

Then Morgans Aged Care Advice Service is fee-for-service, based on the time taken to provide the advice you require.

As a guide, if the returned questionnaire is complete, the initial/presentation meetings and preparation of the strategy paper will take approximately 2.5-5 hours.

Find out more

Contact the Morgans Aged Care Advice Team on 1800 807 223 or email aged.care@morgans.com.au. Alternatively contact your Morgans adviser or your nearest office to find out more.

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