You are likely to be reflecting on a life well lived and looking at ways to leave a legacy behind for your loved ones. You may be looking to downsize your home and/or getting assistance to maintain independent living.
The challenges you may be facing:
- Health challenges
- Are you going outlive your savings
- How to pass on your wealth to loved ones
- Stay in your home or downsize
- Would Age Care or Independent living suit you
For people at this lifestage, you may want to think about the following strategies:
- Consider living inheritance to loved ones to reduce/eliminate inheritance tax
- Reverse mortgages
- Downsize your family home
- Investigate the pros and cons of independent living/ Age Care System
- Reviewing your Will/Estate planning needs
We can assist with:
- Superannuation/investment strategies
- Reverse mortgages
- Tax effective investment/distribution of wealth strategies
- Estate planning considerations – Wills/Power of attorney/gifting/Charitable foundations
- Downsizer advice
- Age Care Advice