Money Magazine Australia - - MY MONEY AGED CARE -

• By law, you must be given a re­tire­ment vil­lage con­tract, and dis­clo­sure state­ment, at least 21 days be­fore you sign. How­ever, you can take more time to con­sider your de­ci­sion.

• Don’t jump into re­tire­ment liv­ing if a move into aged care isn’t far away.

• Adult chil­dren should be in­volved in their par­ents’ de­ci­sions.

• Be aware of re­tire­ment vil­lages’ fi­nan­cial mod­els, in­clud­ing de­ferred man­age­ment fees and other charges.

• En­sure all peo­ple liv­ing in the re­tire­ment unit are listed on the ti­tle.

• Don’t sign any­thing you don’t un­der­stand. Get le­gal ad­vice first.

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