Financial Preparation for Aged Care

Aged care in New Zealand necessitates a needs assessment to ascertain the required level of support, with care costs subsidized for assets below $291,825, varying by location and room type. Families often face sudden challenges in navigating the system after a relative’s health crisis, as seen in one personal experience involving a relative’s fall and subsequent hospital care. Planning ahead with enduring powers of attorney and understanding asset rules is essential for effective management of aged care.

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