Luxury Assisted Living For The Wealthy and Tax-WiseLuxury Assisted Living For The Wealthy and Tax-Wise
It seems unlikely that a multimillionaire would want to move into assisted living. After all, rich people can afford round-the-clock home care if they need it. Yet today's elderly affluent are flocking to continuing care retirement communities (CCRCs). The reasons are simple. Many don't want to be old and alone, even if it is in their own mansions. More importantly, a new breed of CCRCs are finally
Dawn S. Markowitz, freelance journalist, New York
It seems unlikely that a multimillionaire would want to move into assisted living. After all, rich people can afford round-the-clock home care if they need it.
Yet today's elderly affluent are flocking to continuing care retirement communities (CCRCs). The reasons are simple. Many don't want to be old and alone, even if it is in their own mansions. More importantly, a new breed of CCRCs are finally luxurious enough — and provide a good enough financial incentive — to attract the wealthy.
Seniors can now purchase, and build equity with, CCRC state-of-the-art multiple-bedroom homes in beautiful settings around the country. Lose the image of a bunch of 80-year-olds sitting on folding chairs aro...
Unlock All Access Premium Subscription
Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!
Already Subscribed?
