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Ashfords Wealth

Aged Care Planning

When care needs change, financial structure becomes central to every decision.

One of the most complex financial transitions later in life is aged care. It connects choices with funding strategy, protects assets where possible, and frames each decision around dignity, sustainability and long-term family outcomes.

A considered approach examines accommodation options, fee structures, income sources and government entitlements to establish how care can be funded without unnecessary erosion of wealth. With a clear view of costs and trade-offs, decisions are made with greater confidence and fewer unintended consequences.

With the right approach in place, this transition becomes a managed process rather than a reactive one. Options are understood earlier, family discussions are more informed, and outcomes are shaped with care, foresight and financial discipline.

"The financial side of aged care was hard to understand. Our family approached Ashfords for help, and having the costs, options and implications set out allowed us to make decisions calmly."

Eleanor
Ashfords Client

Ashfords Wealth — Aged Care Planning FAQs

Common Questions, Answered

What does aged care planning involve?

Aged care planning brings together care options, funding structures, asset position and entitlements to determine how care can be provided in a sustainable way while managing long-term financial impact.

Why is aged care planning important?

Early planning helps families understand costs, protect assets where possible, and make informed decisions without pressure when care needs arise.

How does the planning process begin?

Planning begins with a review of care requirements, financial position and available options, followed by structured advice to support each decision as circumstances change.

Planning for your future starts as early as you're ready.

Decisions around aged care often sit alongside estate planning, retirement income and asset structuring. Integrated advice allows each element to be aligned with real, professional support.

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Ashfords Accountants & Advisory acknowledges the Traditional Owners of this land, the Wurundjeri Woi Wurrung and Bunurong People, and recognises their continuing connection to the land and waterways. We pay our respects to their Elders past, present and emerging and extend this to all Aboriginal and Torres Strait Islander People.