Continuing Care Facilities Go Under and Can’t Refund Deposits

There are many continuing care facilities that require large deposits and promise to return these deposits to family members after the care has ended. Unfortunately, nothing in life is guaranteed. Today, Evan brings an article outlining some of the risks involved with end-of-life expenses and a continuing care facility that filed for bankruptcy and owes families over $50 million. Listen along as Paul and Evan talk about how important it is to read the fine print with major financial decisions like this and go in wide-eyed about the risks. Later in the episode, Paul and Evan share about a new office opening in Cookeville and a few different ways you can get personalized help with your financial plan.

 

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