Aged Care

Entering the aged care system is often a difficult time for many families. We, or someone we love, face the prospect of a loss of independence. It can all be very scary.

What’s more, the financial aspects of the aged care system are incredibly complex. What fees do you have to pay? When do you have to pay them? To whom do you have to pay them? How does being in residential care affect your Centrelink entitlements? Your super arrangements? Your estate plans?

We can assist you to fully understand your financial situation and the way that this interacts with your aged care. This involves things like:

  • Working out the type and quality of care you can afford;
  • Working out the costs of this care;
  • Arranging to pay your accommodation and care fees that apply;
  • Ensuring you maximise your Centrelink pension and any other entitlements;
  • Best managing your family home and other significant assets; and
  • Simply ensuring that your time in aged care is as financially comfortable as possible.

In the best cases, planning for aged care should start well before the need for aged care arises. The planning should start when your retirement planning starts – aged care is, after all, part of your retirement. And starting the planning process as early as possible lets you also ensure that this planning complements the other elements of your financial plan, such as your estate planning.

That said, it is also never too late for good planning. So, if aged care is already a reality, then get in touch with us and make sure that you make that reality as pleasant and satisfying as possible.

Adrian McMaster

Aged Care Specialist

Adrian McMaster is university-qualified in economics, psychology and theology. He also holds Diploma level qualifications in financial services and training/assessment. Adrian is currently the training manager at Dover Financial Services, where he oversees the professional development of over 350 financial advisers from around Australia.

Now in his forties, Adrian has been a registered psychologist and a financial adviser for over a decade. Prior to these registrations, Adrian's work life ranged across a wide variety of experiences, from an accounting role with a Big 4 accounting firm through to working in remote Aboriginal communities, helping disabled people back to work and writing columns in the financial press.

Adrian is an especially gifted communicator with a passion for educating people about their finances. Teach a man to fish, and all that. He listens, he understands and he solves problems. His broad life and professional experience, combined with his commitment to formal and informal education, means he is especially well-placed to help individuals and families at times of stress or transition.

Adrian is married and has two gorgeous children. He and his family live near the water in Melbourne's wonderful Bayside region. Adrian's hobbies include running, reading and coaching children's sport.

Adrian McMaster is an authorised representative (278824) of Dover Financial Advisers Pty Ltd (AFSL 307248).

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