Are You Considering Buying or Selling an Aged Care Facility? Needing to find the best Aged Care Lawyers?
Are You Needing To Formulate An Agreement And Don’t Have An Experienced Aged Care Lawyer Onside?
If so, getting the right legal advice before you even submit or accept an offer is critical.
It is important from the beginning to ensure that:
- The transaction is structured correctly to manage liability to Transaction Duty;
- There is a method for setting the price providing for movements in Accommodation Bonds and Employee Entitlements;
- Thorough due diligence requirements are provided for;
- All necessary regulatory approvals and other requirements are addressed.
Aged Care Facilities provide the support needed for the aging community while allowing an appropriate level of independence to be maintained by residents. Many elderly people reach a point where living alone in a home is no longer a realistic option.
This can be because of reduced mobility, illness, disability, or isolation, as well as the extra work it can take to maintain a home or property. Aged care facilities are a way to address these issues while ensuring as much independence as is appropriate for any elderly individual, based on their needs as they continue to age.
These facilities are a great option for families that are unable to care for their elderly members but still want to ensure their parents and grandparents are well cared for and live in a good environment.
If you decide that a residential aged care facility is needed, there are many to choose from that offer different levels of care. Beyond accommodation, aged care facilities can provide social activities, meal, and laundry and cleaning services. Once a further level of care is needed, they also offer assistance with daily tasks such as showering, dressing, and assisted mobility. Nursing care is also a standard in aged care facilities, including the management of medications.
COVERAGE: DO YOUR RESEARCH
The style, size, and age ranges in different facilities will vary, so it is important to do research and find the aged care facility that suits your needs and preferences. For those suffering from dementia, some facilities have a special program and/or a secure area to meet the sensitive needs of this illness. Aged care facilities also vary in how they are owned and run: some may be privately owned; others are run by churches, not-for-profit organizations, or local councils.
There are various added fees for residential aged care facilities, and they are often arranged according to your financial situation. This is important to discuss as you commence your journey to look into various facility options. These fees help to cover the costs of daily living and extra care, as well as your accommodation. Some aged care facilities are means tested, meaning they will vary their required financial contribution based on your income, assets, and government subsidies.
AGED CARE: GET WHAT YOU PAY FOR
A further point to consider when choosing among different aged care facilities is the extra services they may or may not provide. This can include varying standards of accommodation, facilities, food, and or services. These additional services do cost more, and like most considerations should be optioned for the comfort, financial position and well-being of the resident.
Investigating alternate aged care facilities by way of a consultation appointment can help to clarify what the facility can provide. This also provides a key opportunity to inspect the facility, helping you to decide if it will be an appropriate, comfortable home.
“We were delighted with the service from Aylward Game when we bought an Aged Care Facility in 2010. Their attention to detail and knowledge was first class. As we continue to operate and acquire facilities in the aged care sector we will continue to partner with Aylward Game.” – Shane Winterton Director CPSM Care
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