Educational Seminar: New aged care costs & Estate planning as capacity changes, 7 May 2025
We are covering:
- An update on aged care reforms and policy changes.
- The funding models for home, residential, and other aged care options.
- Practical strategies for aged care financial planning, including worst-case scenarios.
A comprehensive estate plan is essential for protecting your assets and ensuring your wishes are carried out in the event of incapacity or death. It’s not just about having a Will — a good estate plan protects your assets, addresses tax concerns, avoids family disputes, and ensures your wishes are carried out.
- The importance of having valid documents and regularly updating them
- Issues with changing circumstances and diminishing capacity
- Managing trusts, superannuation, and compliance with Australian law
- Protecting your assets and avoiding disputes
Aged care reform, estate planning and capacity loss—be informed and plan ahead.
A female aged 65 today has a 59% probability of entering aged care at some point in their lifetime. For a 65-year-old male, the probability is 43%. At some point in our lifetime we are more likely than not to need care. Yet, few of us are proactively planning for it.
The most common reason to contest a will is on Family Provision grounds. Wills and Estate Lawyers Australia believe that on average, 74% of Family Provision Claims in Australia are successful. There are many circumstances for which Provisions can be claimed and strategies to making your will as airtight as possible.
Join us for an essential seminar designed to people in Canberra navigate two critical areas: the upcoming aged care fee reforms and the importance of estate planning.
Hosted by KJB Law and Phillips Wealth Partners, this session will provide practical advice and strategies to help you stay financially and legally prepared as you age.
What we'll cover:
Understanding the New Aged Care Reforms (effective 1 July 2025):
The sector has always been complex, but in 2024, the federal parliament passed the Aged Care Act, bringing critical funding and regulatory reform to support a high-quality and sustainable aged care sector. We will provide:
- An update on aged care reforms and policy changes,
- The funding models for home, residential and other aged care options;
- Practical strategies for aged care financial planning (planning for worst case)
Estate Planning and Capacity:
A comprehensive estate plan is essential for protecting your assets and ensuring your wishes are carried out in the event of incapacity or death. It’s not just about having a Will — a good estate plan protects your assets, addresses tax concerns, avoids family disputes, and ensures your wishes are carried out.
- The importance of having valid documents and regularly updating them
- Issues with changing circumstances and diminishing capacity
- Managing trusts, superannuation, and compliance with Australian law
- Protecting your assets and avoiding disputes
Broaden your local network
Representatives from various local industries, including retirement living, care providers, senior peak bodies, end-of-life services, and social support, will be present at the meeting. We offer a relaxed setting where you can meet these individuals face to face and keep them as part of your network if or when needed.
We encourage attendees to bring any questions they may have regarding estate planning or retirement relocation.
For further details or to RSVP, please contact KJB Law or Phillips Wealth Partners.
WHO SHOULD ATTEND
People who are: preparing for retirement, in retirement and are concerned about their care options for themselves or loved ones.
NEED TO KNOW MORE ABOUT THE SEMINAR?
Call Chloe McPherson 02 6281 0999 or
Email: chloe@kjblaw.com.au