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Acting for Ageing Clients: Advising on retirement living and residential aged care

Acting for Ageing Clients: Advising on retirement living and residential aged care

Date & TimeMonday 26 November 2018 9.00am–5pm
Format Workshop
Price

Member

$710.00

Non-Member

$830.00

CPD Units 7
  • Professional Skills
  • Substantive Law
Venue LIV Conference Room, Level 2, 470 Bourke St, Melbourne View Map

Develop the knowledge and skills to deliver quality holistic legal services to senior Australians and their families. This workshop focuses on the spectrum of accommodation and care options available to senior Australians, examining all the relevant aspects of the retirement living and aged care industries. 

Limited spaces available.

Futher details below.

Wills 

Program Overview

  • Acting for Ageing Clients: Advising on Retirement Living and Residential Aged Care - Monday 19 Nov
    • 9:00 AM Overview of the industry and residential aged care

      Overview of the industry and residential aged care

      As people get older, it can become necessary to move into a residential aged care facility. These provide communal accommodation with varying degrees of care. Participants will develop an understanding of the industry. At the conclusion of the workshop participants will be able to evaluate all the key costs associated with residential aged care facilities, calculate the asset and income assessment.

      This session of this workshop will cover two broad topics and various considerations for each:

      1. Overview of the industry

      Topics covered include:

      • Identify and discuss the key drivers of the aged care industry from an individuals, Government and providers prospective.
      • Identify and evaluate the different accommodation choices for residents

      2. Residential Aged Care and costs to the resident

      Topics covered include:

      • Assess and calculate the impact on the client’s eligibility for pension entitlement and other government benefits when considering a residential aged care facility.
      • Develop an understanding of residential aged care fees and charges.
    • 11:15 AM Granny Flats / Life Interests

      During this session, you will gain an awareness of granny flats/life interests arrangements, legal consequences of these arrangements, financial impact to the client including eligibility for pension entitlements, cost of care and rent assistance.

      Topics covered include:

      • Discussion on the different forms of granny flat arrangements.
      • Identify potential legal consequences arising from different arrangements.
      • Assess and calculate the impact on the client’s eligibility for pension entitlement.
    • 1:15 PM Retirement Communities

      Retirement communities, just like the people who live there, come in all different shapes and sizes and offer a range of different lifestyles – for the fit and active retiree to those who are seeking an alternative to residential aged care – and everyone in between.

      The following will be covered during this session:

      • Varying rules and regulations of retirement communities.
      • The legal considerations and the financial impacts including pension entitlements and rent assistance as well as the cost and ability to access care now and in the future.

      Upon completion of this portion of the workshop attendees will be able to identify, calculate and communicate the fees and charges applicable to moving to, living in and leaving a retirement community.

    • 3:30 PM Home Care Packages

      Here we will examine the different forms of care services available to people outside residential aged care, including assessing and calculating the impact on the client’s eligibility for pension entitlement and eligibility criteria for home care services.

Further Details

  • Full Description and Overview

    Develop skills, knowledge and understanding of delivering quality holistic legal services to senior Australians and their families. This workshop is designed for participants to develop an understanding of residential aged care through practical and theoretical learning by using case based facilitator lead examples, individual calculations and group discussions.

    This course provides attendees with knowledge and skills to understand the spectrum of accommodation and care options available to senior Australians. It examines all the relevant aspects of the retirement living and aged care industries.

    You will gain an understanding of the various legislative frameworks, contracts and personal legal considerations, together with the financial arrangements and impacts to your clients.

    Register today and acquire the necessary skills to develop and deliver quality legal advice to support your clients along this complex, expensive and highly emotive journey.

     

  • Presenters

    Rachel Lane has been working in financial services for almost 20 years, specialising in retirement living and aged care for more than a decade. She holds a Masters in Financial Planning and has co-authored a number of books on aged care.

    Jemma Briscoe has lectured and tutored University Finance subjects for the past 8 years. Prior to this, Jemma worked in banking, accounting and research for over 10 years. Jemma holds a Masters in Applied Finance, Bachelor of Business and is a CPA.

  • Learning Outcomes

    Residential Aged Care

    • Identify and discuss the key drivers of the Aged Care industry from an individuals, government, and providers prospective.
    • Identify and evaluate the different accommodation choices for residents.
    • Assess and analyse the impact on the client’s eligibility for pension entitlement and other government benefits when considering a residential aged care facility.
       

    Home Care

    • Explain the different forms of care services available outside residential aged care.
    • Assess and calculate the client’s eligibility for pension entitlement and for home care services.
       

    Granny Flat

    • Explain the different forms of granny flat arrangements.
    • Identify potential legal consequences arising from different arrangements.
    • Identify and explain similarities and differences between a retirement village and land lease communities; including the ownership and structure of the arrangement.
    • Understand the varying rules and regulations in this industry.
    • Explain and calculate the fees and charges applicable to: moving to, living in and leaving a retirement village or land lease community.