Continuing care retirement communities can be a great option for many people. I can move into one community that can meet all my needs, from independent housing to assisted living to nursing home care as I need it.

In Show 18 of his monthly elder law podcast, Yale Hauptman, a practicing elder law attorney, provides an overview of CCRCs, the pros and cons. So often, he sees people enter into these financial arrangements without closely examining the 40+ page contract that typically the resident must sign. The contracts often require a large upfront financial commitment. What will the CCRC agreement cover? What won't it cover? What happens if you run out of money? What if the facility runs out of money? If you are considering a CCRC for yourself or a loved one you'll definitely want to tune in first.

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