047 Do I Pay My Parents' Aged Care Fees?
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047 Do I Pay My Parents' Aged Care Fees?
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Narrated by:
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By:
About this listen
Caring for a parent entering aged care is emotional enough... and then the invoices arrive.
In this episode, Nathan and Jordan unpack one of the most common questions families ask: Should I pay my parents' aged care fees?
They explore:
- The guilt that often drives the question,
- What actually counts as "paying fees," the risks of lending money,
- How powers of attorney affect loan agreements,
- The impact on means-tested fees, and
- Why good intentions can sometimes create serious financial and estate problems.
This is a must-listen for anyone supporting an ageing parent, navigating sibling dynamics, or unsure how to help without jeopardising their own financial position.
Visit www.weavinggoldpodcast.com for more episodes, blogs and to get in touch.
Nathan:
advice@nathanfradley.com.au
www.nathanfradley.com.au
Jordan:
jordan@planningsolo.com.au
www.planningsolo.com.au
The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.
Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.