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Research CCRCs Before Including Them in Your Estate Plan

By Gerry W. Beyer

Old people

If you’re considering a continuing-care retirement community (CCRC) when planning for retirement and possible disability/incapacity, you need to thoroughly research your options. You should treat your quest for a CCRC as a major investment, and be aware that many CCRCs have recently filed for bankruptcy. In order to make sure you’ve found a financially stable CCRC, you should:

  • Check out these two websites to know which questions to ask: www.carf.org and www.aahsa.org
  • Get a copy of the CCRC’s audited financial statements, comparing cash on hand and the cash-to-debt ratio with other facilities
  • Ask details about bond financing
  • Find out if the CCRC is part of a larger, financially stronger, group

See Kelly Greene, Continuing-Care Retirement Communities: Weighing the Risks, W.S.J., Aug. 7, 2010.

Posted in:
Disability Planning - Health Care, Disability Planning - Property Management and Estate Planning - Generally