Janet Xuccoa: Where do trusts fit in to aged care funding?

Growing older is expensive - much more expensive than most people realise.

When you or a loved one either decides to move into aged care or is forced to do so, the Ministry of Social Development will quickly swoop in to flip through all their finances.

Any assets, gifted funds, trusts, even living rent free - it's all looked at and impacts their chances of government-subsidised care.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.