When planning for the future, especially in the context of aging, decisions surrounding long-term care can feel overwhelming. Whether it involves independent living, assisted living, memory care, or skilled nursing, Continuing Care Retirement Community planning is one of the steps in ensuring a comfortable and dignified life in later years. At our elder care law firm, we recently assisted a wealthier married couple in navigating this process, ensuring a seamless transition to a Continuing Care Retirement Community (CCRC).

Identifying the Right CCRC: The First Step in Continuing Care Retirement Community Planning

The journey began with understanding the needs of the couple. The wife was fully independent, while her husband had moderate cognitive impairment requiring memory care. Our team of care coordinators researched local CCRCs, evaluating their amenities, facilities, and services.

We considered their financial resources and personal preferences, including proximity to their children and access to social activities. Because CCRCs often require a significant financial commitment, including a large buy-in fee and ongoing maintenance fees, our team’s Continuing Care Retirement Community planning ensured the couple selected a facility that met their needs without compromising their financial stability.

Navigating the Admissions Process

Once the couple selected a CCRC, our legal team reviewed admissions agreements and contracts. These documents outlined the services provided, the costs associated with each care level, and the conditions for transitioning between levels of care.

As part of our Continuing Care Retirement Community planning, we ensured the couple understood their obligations, assessed the financial stability of the CCRC, and explained the types of contracts available. The couple opted for a Life Care Contract, which guarantees access to all care levels for life—an essential consideration for their long-term security.

Preparing Essential Legal Documents

As part of the transition, we prepared or updated their legal documents, including wills, financial powers of attorney, and healthcare directives. These documents aligned with their new living arrangements and provided peace of mind, ensuring their financial and healthcare decisions were clear.

Coordinating the Sale of Their Home

Selling a family home can be an emotional and stressful experience. As part of our Continuing Care Retirement Community planning, we connected the couple with a Seniors Real Estate Specialist experienced in downsizing for older adults. A senior move manager assisted with packing, organizing, and setting up their new CCRC apartment, ensuring a smooth and stress-free transition.

Asset Restructuring and Financial Coordination

Asset protection is an important part of Continuing Care Retirement Community planning for high-net-worth families. Our legal team worked with the couple’s financial advisor and tax accountant to restructure their assets and explore options such as long-term care insurance. This strategy ensured they could cover CCRC costs while safeguarding their wealth.

Reviewing Health Insurance Coverage

As part of their continuing care retirement community planning, we reviewed the couple’s health insurance policies, including Medicare and supplemental plans. This comprehensive review ensured they had coverage for all potential medical expenses, offering additional peace of mind.

Ongoing Advocacy for Their Care

Even after the couple moved into the CCRC, our team continued to advocate for their care. By regularly checking in and addressing any concerns, we ensured they received the quality of service promised by the community.

The Value of Continuing Care Retirement Community Planning

This case highlights the comprehensive support our elder care law firm provides for families navigating CCRC transitions. From identifying the right community to managing legal and financial concerns, Continuing Care Retirement Community planning helps ensure a smooth, informed transition.

If you or a loved one is considering a move to a CCRC, our team is here to guide you through every step. Contact us to learn how our holistic approach can secure your future and provide peace of mind for years to come.