Medicaid Asset Protection Planning
Under Colorado law, seniors in need of skilled nursing care who have insufficient resources (assets) and income can qualify for the joint federal/state program known as Medicaid if certain conditions are met.
Planning for Medicaid qualification in Colorado, however, is not easy and Medicaid qualification requirements are widely misunderstood by the public.
Such planning, which is a subset of the overall field of estate planning, involves a careful examination of the client's asset and income picture as well as a full understanding of the goals and objectives of the client with regard to his or her continued care and legacy objectives.
When a client is in a crisis situation and faces the immediacy of the need for long-term care, it is all that more important to make certain that the requirements are met for Medicaid qualification.
We work with specialists in the health care field to assist our clients in achieving their Medicaid asset planning goals.
As part of our Medicaid Asset Protection Planning for clients, we assess potential VA and other governmental benefits available to them and work to craft a plan bet designed to meet the needs of clients and their families.
Please contact us if you wish to discuss assistance with Medicaid Asset Protection Planning as well as VA and other governmental benefits which might be available to you and/or your spouse.
