Your CCRC Financial Disclosure Form
CCRCs (Continuing Care Retirement Communities also known as LifePlan communities) may ask you to periodically update your financial disclosure form every few years. This helps them ensure your ability to pay your fees over the many years you plan to live at the CCRC. CCRCs often have special financial aid funds such that if your financial ability wanes, they may be able to tap into this charitable fund to help you make up the difference. Nothing is free, however, and you would be wise to make your first financial disclosure form as strong as possible by listing all your assets. If your financial ability is in question before the CCRC admits you, they may pass on your application due to financial questions.
If you like what you've read, please share the post using the buttons above and sign up for our newsletter below.