Planning for the future is not just about wills and powers of attorney, but also about being comfortable both financially and physically. Fleming Law can assist with these aspects of getting older so that you can focus on the things you love.
If you are considering moving into a residential Aged Care facility or Retirement Village in the future, there are many legal issues you will need to consider. Just as Strata buildings have their own unique rules and by-laws that unit owners must comply with, so too do Aged Care facilities and Retirement Villages. It is important that you understand your legal obligations and responsibilities before signing an Aged Care accommodation contract. Seeking legal advice so that you are fully informed will prevent any problems and unanticipated charges down the track. Fleming Law can provide legal advice about residential Aged Care and Retirement Village contracts or agreements, make sure that the terms are fair, and ensure that you understand what you will receive in return for your financial commitment.
Choosing the right residential care option for your later years will depend on your unique situation and the level of care that you desire or need. Your needs may change as you get older. There are 3 main types of care options:
As you get older, you may not realise that there are many laws that exist to protect the rights, property, and wealth of aging individuals as they enter their next phase of life. These laws also help to ensure that your loved ones and family members are provided for in the eventual event of your passing.
Elder Law also encompasses laws that protect against the financial abuse of the elderly. Your friendly and understanding Fleming Law lawyer can help you make the best decisions as to whom you leave in charge of your estate once you pass or are unable to do so yourself.
A testamentary trust is a trust established by a will. They are becoming increasingly common these days and for good reason. They offer significant taxation and asset protection benefits to the beneficiaries of a will. A member of our team can advise you about setting up testamentary trusts that best protect the inheritance of your loved ones.
If you are preparing for the next phase in life and wish to have everything looked after financially, contact Fleming Law today!
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Contact Information
Phone: (02) 4474 0700
Email: admin@fleminglaw.com.au
Address: 49 Vulcan Street, Moruya NSW 2537
Unit 3, 5 Orient Street, Batemans Bay NSW 2536
Level 13, 111 Elizabeth Street, Sydney NSW 2000
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