The estimated 10,000 baby boomers that will reach the age of 65 on each and every day between the years of 2011 and 2030 are making it more and more apparent that the traditional idea of what a retirement home should be is no longer adequate. Any baby boomer making an estate plan should consider several key topics and issues that you will want to account for if you are considering an assisted living community as part of your plan.
Issue 1. Lifestyle. For healthy and active baby boomers, the prospect of being confined to a retirement center all day is nothing short of nightmarish. Many new retirement centers have taken the active lifestyles that baby boomers have into consideration when designing facilities. These new facilities are much closer to resort style communities than retirement homes. They often feature modern designs, contemporary styling, access to hiking, water sports, fitness areas and other perks that fit an active lifestyle.
Issue 2. Location. If you spent your life living in your city home, you may not want to move to a retirement home in the country or in the suburbs. Many communities are being developed inside urban cores and bring with them access to all the amenities the city has to offer.
Issue 3 Pets. For many baby boomers, retiring without bringing their animal companions with them is out of the question. New facilities often offer dog walking areas, pet friendly facilities, increased access to veterinary care and other amenities that make it much easier to make a move with your pet.
Michael Robinson, Estate Planning Attorney
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