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Old 20th February 2020, 04:44 PM   #12
PhantomWolf
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Originally Posted by lionking View Post
Our aged care will be funded at least in part by our home. Aged care facilities here usually hold the title to residents homes and return the balance to the estate when the inevitable comes. I think that if the value of the home is exhausted, you still get to stay there.
Here Aged Care Residential costs are subsidised by the Government when you hit $230,495 in total assets between you and your partner (or $126,224 in asserts other than the value of a car and house if one partner is not in long term care and total asserts of both are more than the $230,495), unless you are single and have no kids, and then you automatically qualify.
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