Description
At the Institute of Financial Professionals Australia, we recognise the vital role our members play in building trusted relationships with their clients and supporting them in making strategic financial decisions. Aged care decisions are no exception. When clients and their families face the daunting task of navigating the aged care system and making informed choices, they often turn to their accountant for guidance.
This masterclass series aims to equip you with the knowledge and tools necessary to provide expert advice and support to your clients in the realm of aged care. Through this series, you will gain valuable insights into the complexities of aged care legislation, understanding the financial implications involved, and learning how to assist your clients in accessing the appropriate services.
This module will provide an overview of residential care. It will include:
- An understanding of the terms used in residential care such as RADs and DAPs
- The fee structure for residential care
- Strategies for funding accommodation costs and ongoing fees in residential care
- Impact of decisions on Centrelink and estate planning outcome
Recorded on 6 September 2023
Presented by Louise Biti
TPB CPD Hours:Â 1 hour
Legislated CPD Hours:Â Technical competence: 1 hour