Many Australians have a significant amount of wealth tied up in their family home when it comes time for them to move into aged care, not to mention many precious memories. It’s important to understand the implications of either keeping your home and renting it out or selling it. The decision can have a significant impact on your eligibility for both aged care and social security benefits. Many of these benefits are means tested via both assets and income tests.
In this eBook, we will look at the pros and cons of keeping your home and renting it out versus selling it. We will also look at case studies. The eBook will also be useful for your adult children if they have (or will have) an enduring power of attorney over your affairs.