Choices and Options around Borrowing to Fund Aged Care
Overview
Delivering quality aged care advice, should your clients borrow?
Meeting the costs associated with residential aged care can be difficult particularly for clients that either can’t or don’t want to sell the family home.
This session examines a range of borrowing arrangements, including:
- Paying a Daily Accommodation Payment (DAP)
- Deducting a Daily Accommodation Payment (DAP) from a Refundable Accommodation Deposit (RAD)
- Borrowing from family members
- Pension Loans Scheme
- Aged Care Loans/Reverse Mortgages
We will look at the cost of borrowing money to fund aged care, the impact borrowing can have on pension entitlement, means tested care fees and the client’s asset position over time as well as some of the tips and traps advisers need to be aware of.
Learning Outcomes:
In this session you will learn about the many impacts of borrowing to fund aged care:
- Understand the financial impacts for borrowing on their aged care costs.
- Identify the types of funding available to your client.
- Consider the impacts of borrowing on their cost of care and pension on your clients
- Understand to estate planning issues for your client.
Suited to:
Financial planners, para planners, accountants, lawyers
You will also be provided with:
- Access to watch the Live Webinar
- Opportunities to ask real time questions to the presenter/s
- Poll questions to test your knowledge
- Access to On Demand recording, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz (for On Demand recordings)
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Your presenter
Jemma Briscoe,Aged Care Gurus
Director & Head of Research and Technical Advice, Aged Care Gurus.
Jemma is responsible for developing and delivering the content for a variety of accredited retirement communities and residential aged care workshops to Financial Planners, Lawyers and Accountants. Jemma also conducts ongoing research into this industry and provides technical support and assistance to the national network of Aged Care Guru Advisers.
Jemma is a lecturer and tutor at the University of Technology, Sydney (UTS) Jemma delivers subjects such as Equity Valuation and Corporate Finance. Jemma has provided consulting advice in course and content development to several Universities and has a background in equities research, consulting and Chartered accounting. Jemma holds a Masters of Applied Finance, B. Business and is a CPA.