Written by David Alcorn – Principal, Morrows Private Wealth
At Morrows, as your ‘One Team’ Advice House, our aim is to continue to broaden our service offering to ensure that we provide financial-added services of value to our clients. Aged Care services is something we don’t really think too much about until it is forced upon us, but with an ageing population it is inevitable that each of us at some point in our lives, will need to address not only our own situation, but also that of our parents and possibly other family members.
In Australia, longevity is becoming increasingly the norm, however, not everyone will be able to continue to live independently. In these instances, many individuals will require access to meet their ongoing care needs via permanent residential aged care services or in house home care packages.
The Government has acknowledged the growing demand for these services and over the years has introduced many changes to the aged care system. To help our clients navigate the complexities of the aged care system, and to gain an understanding of the funding structures available, Morrows Private Wealth is now able to offer specialist advice in this important area.
At Morrows Private Wealth we have a number of accredited Aged Care specialists who can talk you through the care options available, the costs associated with each of them, and the best way to restructure your finances to ensure you achieve the best possible result that is right for you and your family.
Getting the right information and advice now will provide peace of mind during what can be a very stressful and emotional period.