For aging baby boomers there are a plethora of living options from senior communities to assisted care facilities to skilled nursing homes. Each has its own benefits, costs and amenities, and are all subject to a written contract. As the services and purposes of each vary, so do their contracts, such that analysis and comparison can be difficult. While each community has its counselors (salespersons) to promote their facilities, potential residents and their families should have their own independent counsel to advise and guide them, particularly as these facilities require a substantial and sometimes lifetime financial commitment.
Your attorney and financial consultant should be able to not only explain the various contracts, commitments and benefits, but review your entire estate to coordinate your estate plan and finances with your new lifestyle. Moving into a senior community is also an opportune time to be sure that your estate and life plans are completed, addressing your financial and health issues if the time comes you are unable or uncomfortable doing so on your own. The cost for this comprehensive approach is not great, but the relief you feel getting it completed is.
The lawyers of Brooks, Tarulis & Tibble, LLC can assist you or your family in assessing senior living options and preparing your life and estate plans. Please call with any questions.