Being a discretionary beneficiary of a trust – as many older New Zealanders are – can have a lot of upsides. It can also have downsides – especially if you’re applying for a Residential Care Subsidy (as many older New Zealanders are or are going to).
The short version is this: if you are applying for a Residential Care Subsidy and you have any connection to a trust, then the Ministry of Social Development will want to know. And once they know, then they will want to know more.
Most of us do not enjoy being asked probing questions concerning our finances, especially when the answers may have significant financial consequences. This can be stressful at best and positively frightening at worst.
Ask for help.
When assessing your application for a residential care subsidy, the Ministry of Social Development is required to make calculations that are accurate and precise. We can help you to make sure that it does.
Qualifying for a residential care subsidy is not as easy as it used to be. But we have been able to help a number of clients see their application through to success.
If you would like to discuss a residential care subsidy application give us a call (03) 477 8080