What Does the CCRC Mean for Estate Planning?

November 4, 2015

Planning for your later life and how you’ll use your assets to support your retirement might involve a Continuing Care Retirement Community. This rides the spectrum from independent living all the way through to 24-hour care. And these can offer the benefit of lifetime membership and participation.shutterstock_154024799

Entry fees for these retirement communities however, can be expensive. The fees for initial entrance could be more than $20,000 and monthly fees could reach $3,500. As this is a once in a lifetime decision, great care and consultation should be used to explore the financial soundness and the maturity as far as length and time of business at these facilities.

Many CCRCs mandate Medicare A and B, while some add the supplement and some accept long-term care protections. But State by State standards and enforcement will vary, so care must be taken. When making any decisions about your own future or that of a loved one, consult with an elder law specialist who can advise you about your options and whether a Continuing Care Retirement Community is truly the best fit.


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

Why Working with a Financial Advisor Still Matters in the Age of AI

Artificial intelligence is transforming investing—but human judgment, fiduciary responsibility, and personalized planning remain central to long-term financial strategy. Artificial intelligence is reshaping nearly every industry—including ...

<p>The post Why Working with a Financial Advisor Still Matters in the Age of AI first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

What Is an ID.me Account—and Why Business Owners and Families Should Consider Having One

Learn what an ID.me account is, how it works, why it can simplify access to government services, and how to set one up securely. An ...

<p>The post What Is an ID.me Account—and Why Business Owners and Families Should Consider Having One first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Protecting Your Loved Ones: Valentine’s Day Lessons in Financial, Estate, and Tax Planning

This Valentine’s Day, go beyond flowers and gifts. Learn how financial planning, estate planning, and tax strategies help protect the people you love most. Valentine’s ...

<p>The post Protecting Your Loved Ones: Valentine’s Day Lessons in Financial, Estate, and Tax Planning first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>