Long Term Planning

Big Shifts in Senior Living Care to Come

Five Star Senior Living—a major senior living business with over 1,500 retirement communities—has announced they will exit the skilled nursing business by the end of 2021. Instead, the business is shifting to smaller senior living communities that do not require the same elder care and skilled nursing capabilities. As more businesses like Five Star get out of the senior nursing facility business, it will become harder for elders to obtain long-term care.

At Hospice of Anchorage, end of life planning is what clinical director Alison O'Donnell encourages. Having advanced directives, or a living will, and a power of attorney in place is a gift to family, she said.

Near retirees all over the country are starting to think about downsizing for retirement. Consignment shop owner Christy Carter knows this all too well, as she helps those downsizing sell their belongings. Ms. Carter said in a KTUU.com article, “End of life planning a 'gift for family,' experts say,”that she also receives a lot of merchandise from families who are cleaning up the estate of a loved one who has recently passed away. Most of the furniture she sells are from estates.

Many who have already lost a loved one don't want to deal with all of the details because they're going through their grief process emotionally. However, end of life planning is what the clinical director of an Anchorage area hospice recommends. Having advanced directives or a living will, and a power of attorney in place is a gift to family, she said.

Articles Tagged with Long Term Planning

How Early is Too Early to Look for a Senior Nursing Facility?

Big Shifts in Senior Living Care to Come

Sharing End of Life Plans is a Gift to Family