068 Financial Hardship in Aged Care: The Safety Net If Mum or Dad Run Out of Money
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068 Financial Hardship in Aged Care: The Safety Net If Mum or Dad Run Out of Money
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What happens if a parent runs out of money while living in aged care?
In this episode, Nathan and Jordan explain financial hardship provisions, unrealisable assets, and what families can do when aged care fees become unaffordable.
They cover protected person rules, RAD payments, means tested care fees, gifting traps, and how hardship assistance actually works.
A clear guide for families worried about keeping a loved one in care without losing the family home.
Visit www.weavinggoldpodcast.com for more episodes, blogs and to get in touch.
Nathan:
advice@nathanfradley.com.au
www.nathanfradley.com.au
Jordan:
jordan@planningsolo.com.au
www.planningsolo.com.au
The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.
Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143