Since the time that the U. S. Senate Special Committee on Aging released their Investigative Report on CCRC’s there have been a number of articles in the national media giving rise to issues that retirees need to consider before moving into such a community. These are issues we have been talking about with our clients for quite some time. Most of the articles recommend that prospective residents take the contract to their attorney, CPA, or financial advisor to be reviewed. While this certainly isn’t a bad step to take the simple fact may be that beyond reviewing the document the advisor may not have any real knowledge about the industry in general or the types of things to specifically look for or questions to ask. You don’t want to pay a lot of money to an advisor just for them to say, “It looks like a standard contract to me.” It is important to be sure any advisor you use has an in-depth understanding of the industry, as well as the both the pros and cons of choosing a CCRC.

At Carolina Continuing Care Consultants we have studied the CCRC industry extensively and are aware of the pitfalls, risks, and special types of situations that prospective residents need to be aware. We bring the pertinent information to one central location and to serve as an objective resource for guidance.

This entry was posted on Friday, September 17th, 2010 at 12:54 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.