6 June 2024

The Vicca Podcast

Ep. 20 Nursing Home Rooming Accomodation Deposits - what is it and how to get it back

Today, we’re tackling a specific yet crucial topic: rooming accommodation deposits. This issue frequently arises for our clients, both in estate planning and estate administration contexts.

When entering a private nursing home, you are typically required to pay a rooming accommodation deposit. The amount varies widely, ranging from $230,000 to nearly a million dollars, depending on the nursing home and the facilities offered. You can pay this deposit in full upfront or make a partial payment and cover the remaining amount through weekly payments, calculated using a special formula by the nursing home.

Let's dive into what you need to know about rooming accommodation deposits and their implications for your estate planning and estate administration in the future.

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