Estate Planning

A move to aged care can have a significant impact on the structure of your finances and therefore the assets that will ultimately be passed onto beneficiaries.

You may have several different types of assets which can be liquidated and used to pay for your aged care needs. However, it is important to understand both the taxation consequences of selling assets, as well as the potential taxation consequences for beneficiaries who inherit your remaining assets and how this will affect your estate plans. This includes the refund of any lump sum accommodation payment (RAD or RAC) paid for an aged care place.