Advice on retirement village options vital

OPINION: When the time comes to consider your move into a retirement village the options can often seem confusing.

In addition to the uncertainty associated with moving out of the family home, there are also a range of financial and logistical issues to consider.

When you have decided to make the move it is also important to understand the legal aspects of these arrangements so that you can proceed with certainty and security.

Although the industry is now highly regulated, the documents which are usually provided can often be difficult to understand particularly in relation to the costs associated with this form of living and your legal status as a resident.

The importance of getting comprehensive advice on the meaning of these documents cannot be underestimated. Getting good advice from a qualified lawyer with experience in this area is vital in protecting your interests and explaining and giving you a good practical understanding of the process.

Some issues that arise include - understanding your rights and obligations as a resident, dealing with the sale of your current home, considering associated agreements and reviewing the Public Information Document.

While reputable village operators will be happy to discuss these documents with you, it is important that you also obtain your own independent advice.

It pays to get advice at an early stage to ensure your rights are protected.

The issues covered here are general in nature and are only some of the matters you will need to consider. At Kennedy Spanner Lawyers we take the time to provide professional, compassionate and practical advice to clients considering a retirement village move.

For more information or to discuss please phone Kennedy Spanner lawyers on 4639 2944.

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