What are we doing with dementia patients?

Financial Services Sydney: Aged Care for Dementia Patients This breaking news from the ABC today is shocking news for those with family members in care for Dementia & Alzheimer’s Diseases. Steve Cananne writes: A new study produced by Alzheimer’s Australia suggests up to 80 per cent of dementia patients in aged care facilities are being treated with psychotropic drugs. The report, to be released today, suggests only one in five dementia patients receive any benefit from taking such medication. Alzheimer’s Australia says the use of drugs in nursing homes is excessive and it has called for reform of the sector. Lateline previously revealed that up to 6,000 elderly Australians could be dying prematurely each year because of the misuse of psychotropic drugs in aged care facilities. http://www.abc.net.au/news/2014-03-26/alzheimers-psychotropic-drugs/5345322 Share...
Aged Care Assessment – Holding onto the family home

Aged Care Assessment – Holding onto the family home

A CASE STUDY FOR AGED CARE COSTS Janet seeks our advice on locating and moving her husband to an Aged Care facility that cares for his health issues. He has been assessed by ACAT – the Aged Care Assessment Team – as requiring high level care. Much to Janet’s relief we are able to liaise with the family to find a suitable facility nearby and explain all the necessary requirements of the facility. Janet wants to sell the family home and downsize. Because this will impact upon the size of their assets we advise that she wait a while to do this as the family home is an exempt asset while she is still living in it. Do you know how to manage an ACAT Assessment & Your Assets? Please call us for advice & planning assistance or attend our evening seminar for more information. Share...

Who has the power to make decisions for you?

A CASE STUDY – What happens if one of you suddenly needs help? The tale of a missing Enduring Power of Attorney At 65 Tim & Margaret sold their family home in Sydney and purchased a new home on the Central Coast for their dream sea-change retirement. Completely unexpectedly within a short period after the move the Margaret was diagnosed with Alzheimer’s that sadly deteriorated rapidly. Alarmingly she started to wander at night whilst Tim slept and ended up on a busy highway one night. Suddenly the situation was beyond Tim’s ability to manage on his own & it was essential for her safety that Margaret enter a care facility that could watch over her 24 hours a day. However, the only facility with a place available at the time was in the Western Suburbs of Sydney, a long way from the Central Coast. Tim was a pragmatic kind of fellow & so decided to immediately sell the house and move nearby to the care facility. As if he was not dealing with enough difficulty seeing his beloved partner in a care facility and her condition deteriorating, suddenly Tim’s future was also now out of his control. Unfortunately neither Tim nor Margaret had an Enduring Power of Attorney for each other so Tim could not sell the house without Margaret’s permission and she was now not of sound mind. Their case was then handed over to the Public Trustee to decide if it was in Margaret’s best interests to sell the house. Whilst Tim has waited for many months for a decision by the Public Trustee he travels hours...