Will my home be counted as an asset if I enter care?

17 Feb 2017 | Deborah Key, CEO

The value of your former home will not be counted as an asset if, when you enter the aged care home:

  • Your spouse or dependent child is living there;
  • A carer eligible for an income support payment has lived there for two years; or
  • A close relative who is eligible for an income support payment has been living there for at least five years.