If you could choose the place where you will die, where would it be?
Will it be in your holiday house near the beach, or in the comforts of your home in Brisbane or Queensland where you live and raised your kids? Planning for our death is still an uncomfortable topic, but more and more people are becoming aware that this should be one of our priorities too.
Perhaps there is nothing more peaceful and serene than knowing that you will ‘die well’. It is said a ‘good death’ often gives people dignity and a kind of assurance that addresses their spiritual, personal, physical, and psychological needs. But is this becoming more elusive to Australians today?
In a recent report published by the Grattan Institute titled Dying Well, they said that 70% of Australians want to die at home, but only 14% actually have the chance to do so. This is quite alarming because this is only half the rate in countries like New Zealand, United States, Ireland, and France. The Grattan Institute is proposing an increase in budget to support more people to die at home. The Australian government needs $237 million a year to double our rate and give people access to better systems and aged care planning. But still, even if they increase the budget and double the rate of people dying at home, this still leaves the other 72% to die elsewhere like hospital or nursing home.
In the next 25 years, people who die in Australia will double. Though it’s possible that Queenslanders can have better access to systems at that time, there is also a possibility that we are faced with stricter guidelines and rules when applying for those services. Part of the solution to secure our future is to plan ahead. If we want to have a good quality of life in our advanced years – and more control over how we spend our very last years – we should engage in financial planning early.
Imagine a peaceful life where you don’t have to worry about how you would pay the home care fees or hospital bills? Imagine having the presence of your loved ones around you, without them running around, worrying about your condition? Planning a good death is not a selfish thing because it takes out the burden off your family. Dying Well report found out that most people are reluctant to speak up about the way they would like to die because they often feel a disconnect and often caught up in distressing time between family members and health professionals. This has encouraged former health department chief and co-author of Dying Well Stephen Duckett to propose that every 75 year old needs to sign a plan that will tell the family members and doctors how they want to die.
What do you think about this idea?
In any case if you want peace of mind and control over how you leave this earth, it may be wise to start laying down your estate planning now. Brisbane Aged Care Financial Advisers is here to help you get started. We have developed an Advice Process that will allow us to understand your situation and formulate a financial plan created just for you. Every client is unique and based on your financial goals, we can help you have the kind of life you want to have in your advanced years. Here are some of the benefits that our client enjoy:
If you wish to talk to one of our Brisbane advisers, please don’t hesitate to call us at (07) 3229 0023.