There has recently been some media coverage on the way retirement villages and aged care facilities structure contracts with residents.
As the industry leaders in aged care and retirement village financial advice, Affinity Aged Care strongly advises all prospective residents to seek both financial and legal advice before making the move.
While it is true that retirement villages and aged care facilities do have different approaches to the way they structure contracts for residents, at Affinity we believe it is crucial to have an industry expert explain the fine print of these contracts.
Our clients make the move to a retirement village or aged care facility confidently, having worked with one of our specialist Aged Care advisers to understand every aspect of the financial implications of the move.
We also advise our clients to seek trusted legal advice before signing a contract. In the same way most of us wouldn’t purchase a home without a full conveyancing process, it is equally important to have a thorough legal evaluation of an aged care or retirement village contract before signing.
A recent report cast the sector in a particularly negative light. However, it is our experience at Affinity Aged Care that the overwhelming majority of our clients are delighted with the benefits of retirement village living once they have understood the financial and legal implications of such a move.
Our retirement village living guide highlights some important points to consider when deciding if a retirement village is the best option for you.
If you have any concerns about the costs of aged care or retirement village living, please contact us on 1300 366 932 for a discussion.