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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Plenty of places without entrance fees.  Those places are a rip off.[/quote]

If you have the money, they are not a rip off.  If you enter a CCRC while healthy in IL, yes you pay more.  But with the entrance fee and the extra, you are guaranteed "any advanced care" with no additional costs (except for the extra 2 meals per day typically).  And in most of them, if one parent goes to "advanced care" (memory, assisted living, nursing, etc) the other gets to keep the same Ind Living apartment for no increase cost.  For my parents, it would only take ~1 -1.5 years for each of them to be in "advanced care" to pay for itself.

In the meantime, my parents are enjoying life to the fullest, never have to worry about cooking or cleaning or fixing anything.  And the key part---should you need "advanced care" there are always spots kept open for the CCRC residents, so it's not a search and pray process for finding the care when they need it.  Also, I live 3K miles from them, so it's nice to know I can manage an emergency from a distance and they will be well taken care of.  Also, the IL spouse can visit the other one daily as it's right there---they will never be in separate facilities where someone has to drive one to the other.

But in reality, if you have the money, this is what you have saved for.  Why not spend it for a nice last 5-20+ years? 
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A good CCRC will be expensive up front, but is a great option for those who qualify.  My parents were in a similar place, my father was in assisted living, mom in independent living, but in the same unit.  He eventually went to memory care and then passed away.  As awful as that was, it was so much simpler than if they had been in a one-size-fits-all/month-by-month place or at their home.   And likely would
have aged my mom even more.

Now, I have a sibling who is still upset about it, because they think it will cut into our inheritance, but they can die mad, since they also didn’t want to take care of our aging parents.  [/quote]

I also have a sibling who will be upset, does nothing to help (both are a distance, I'm much farther).  I'm the POA and have all control, they are allowed to "get information about my parents/be informed" and that is it (parent's choice).  Asked my parent's to inform the sibling that should there be anything left in the estate, after basic bills, I get paid back next with interest for the entrance fee I paid .  Basically sibling likely won't get much if anything.  The $400K+ I provided with interest is now over $450K.  Realistically, I'm not even getting paid back fully.  
But sibling was upset when told and will likely have "forgotten" and be upset when estate is settled.  
We were happy to pay the fee and have them spend their hard earned money.  I don't expect or need an inheritance.  I'd rather they live their final years in comfort and happiness (and at a much nicer level than the rest of their lives were).  Finally spending the money they worked so hard to save
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