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Estate Planning and Continuing-Care Communities

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Continuing-Care Retirement Communities (CCRC) offer comfortable living for older individuals and include the availability of fine dining, health clubs and on-site long-term health care.

Risks to consider are whether the CCRC might fail due to loss of membership. In the case of failure, residents can lose all or part of their entrance fee. The average entrance fee is about $250,000.

One web site which offers information about retirement communities and their financial stability is CARF International.

Contact an estate planning law firm for further information.

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