Picture: Vlada Karpovich/Pexels
ABOUT THIS SEMINAR
We make property decisions throughout our life when choosing where to live, but as times goes on the decision is more than just what real estate can I get for my money.
We need to think about how we will live and who is there to help us.
The process of moving into a retirement village community requires consideration and accurate information. Before committing, it is critical you understand the retirement villages contractual arrangements, impact on your estate and ways to comfortably pay for your living expenses.
This Moving into a Retirement Village seminar is designed to equip you with the legal and financial practicalities of securing a home in a retirement village.
WHAT WILL I LEARN?
The legal side of retirement-village entry
• There are fundamental differences between home ownership outside a retirement village and your rights with respect to accommodation inside a village. Simply put, the contractual arrangements for retirement villages are more complex. Adding to this complexity is that retirement villages in the ACT do not have identical contractual and financial models. This seminar will give you insight into the contractual and financial models on offer in the ACT; and
• Notwithstanding those different contractual and financial models, there are some commonalities which apply to entry and life in each village. In this seminar you will also learn about cooling-off periods, settling-in periods, recurrent charges, budget approvals, how your money is protected and when the law requires you to get your money back after you leave a village.
Wills and enduring powers of attorney
• Why it is important to have a will and enduring power of attorney;
• What should be included in a will;
• How to choose your attorney and how to protect yourself; and
• What happens if you do not have a will and/or enduring power of attorney.
Funding your retirement lifestyle as well as preparing for the frailty years.
• The common question when it comes to retirement is: how much is enough? If only the answer was simple! But the fact is that the answer varies due to a range of factors, including your lifestyle aspirations, personal health and family commitments; and
• We cover strategies available to increase cash flow and income certainty to support your quality of life in retirement and the need to prepare for when you may need extra supportive care.
WHO SHOULD ATTEND?
People who are:
• researching the option of downsizing;
• wanting to learn more about living in a retirement-village community;
• confused about the different retirement-village contractual arrangements;
• seeking clarification about the costs; and
• preparing for retirement.
NEED TO KNOW MORE ABOUT THE SEMINAR?
Video inserts: Alena Darmel, Kampus Productions, Vlada Karpovich, Yan Krukov, Ron Lach,
Mart Productions, Mikhail Nilov, Rodnae Productions (all Pexels,
pexels.com)