This On Demand was originally recorded on 25/05/2023.
Demystify the complexities of residential care subsidies (RCS) with Vicki Ammundsen’s comprehensive guide unravels the legislative framework, misconceptions, and practical considerations surrounding RCS, providing an in-depth understanding of long-term residential care (LTR Care) costs and entitlements. From asset and income assessments to exempt assets and gifting rules, Ammundsen’s analysis offers a clear roadmap for advisers navigating the RCS Act and Regulations. She also explores real-world scenarios, including occupation right agreements and trust considerations, providing valuable insights for legal professionals, trust administrators, and anyone involved in estate planning.