Estate planning attorney Julie Olds says she is seeing a growing number of clients who don’t want to wait until they're gone to begin making a charitable impact. Instead, they are choosing to give during their lifetimes, allowing them to see the results of their philanthropy and involve family members in decisions about where their money goes.
Coeur d'Alene-based Bestland Senior Living helps older adults as they transition from an independent life at home to a senior living community, says Bestland Executive Director Dana Klaas. The longtime retirement community's business and revenue are steady this year, compared to previous years, but the company is expecting future growth as more people reach retirement age.
The population of adults age 85 and older in the Spokane area is projected to nearly quadruple, rising from 10,700 in 2025 to 40,400 by 2050 — a significantly higher growth rate than any other age group over the next 25 years. As the demographic grows older, the long-term care sector is expected to face higher demand for assisted living, skilled nursing, memory care, and adult family homes, creating new opportunities — and challenges — for providers across the region.