Contract

Reading the CCRC Contract

Often CCRCs (Continuing Care Retirement Communities also known as LifePlan communities) have more then one contract available for new members.  The entrance fee and range of offerings may be different for each contract type.  Ask to receive the fine-print detail contract for each contract type then sit and read them side-by-side so you know what the differences are.  Often this can be difficult to do, but it is a good area where a family attorney can come into play.  You can pay their hourly rate to read and determine the differences between the contract types.  After all, the CCRC's attorney wrote the contracts, you should be able to use your own attorney to interpret the contracts and any differences among them.

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