Task

Client, single male aged 89 years, net wealth estimated at $663,373. Due to health moving into aged care. Facing high level of means tested fees.

 Action

Restructure of investments to address concerns on high fees, reduced investment risk and estate planning certainty.

 Result

Reduced means tested fees estimated benefit of $20,892 to family wealth over 5 year period. More transparency and certainty in relation to estate planning requirements. Help reduce future legal fees and reduced complexity.