Planning for the future, as we age, can be a daunting challenge. Few look forward to the day when living in the traditional single-family home or even a condominium becomes impractical due to care needs. The good news is that there are more and more attractive retirement living options with various types of attributes. For many, moving to a retirement community may be a net positive in quality of life because of all the benefits and amenities that make day to day living easier, freeing time for more enjoyable pursuits.
Helping clients plan for this transition has become an important area of our practice and deserving of more communication and discussion. This introductory article focuses on one type of retirement community, called Continuing Care Retirement Communities (“CCRCs”). CCRCs offer a continuum of living and care options and may be thought of as a relatively comprehensive solution.