Why Do Financial Planners Want to Know About Cohousing?
August 24, 2011
Local architect, Katie McCamant is a world-renowned cohousing expert and co-author with architect Chuck Durrett of the recently released Creating Cohousing: Building Sustainable Communities. will discuss cohousing in general and the local Wolf Creek Lodge Senior Cohousing project specifically at the monthly meeting of the Gold Country Estate Planning Council Lunch at Goomas (noon) in Grass Valley, CA
Why would a financial planner want to know about senior co-housing? Because Many Seniors Don’t :
- Want to be “old.”
- Want to patronized.
- Want to be “entertained.”
- Want to be lonely.
- Want their partner being left alone if they should die or become infirm.
- Want their partner will have to take care of them without any emotional support.
Because Many Seniors Do:
- Want to keep control of their assets.
- Want to create investments that make sense for the living out the rest of their lives.
- Want to have ownership and decision making abilities with their environment.
- Want to know that their estates will provide for a long life and survive them.
- Want an environment that is active and a part of a community
- Want to live sustainably.
- Want to downsize and have fewer things to care for.
And because you may want to know:
- How many communities are there like this?
- Is this a “safe” investment?
- Will it retain its value over time?
- What is the resale history in cohousing communities?
- If my client buys into a cohousing community, will they be able to get a loan? Are taxes different? How would this affect their assets?
- What clients might find this an interesting option to explore?
