Will my home be counted as an asset when entering an aged care facility?
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.
• 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.