There is a prevalent misconception that Medicaid only provides coverage for low-income families. While Medicaid does help families with lower-incomes, it also allows millions of residents across the United States each year.According to research from the Colorado...
Month: September 2019
Trusts can clarify a person’s final wishes
Regardless of the size of one's estate and the holdings contained therein, having a comprehensive estate plan in place is critical in ensuring that a person's final wishes are carried out as intended. When a sizable estate is involved in Colorado, it's even more...
Medicaid planning can help protect home ownership
People in Colorado, and the United States generally, are living longer and healthier lives. The longer a person lives the more likely it becomes that he or she will require some form of long-term care. Medicaid is a principal provider of coverage for long term care...
Do Americans really care about estate planning?
In 2016, WealthCounsel, an estate planning and guidance company, conducted a study to understand what Americans really know and what they think about estate planning. The most common response, by over half of the respondents, believed estate planning is only for the...
Could a Medicaid spend down help pay for assisted living?
Many people may think of nursing homes when they hear about an assisted living facility, but the two are not quite the same. Assisted living facilities are usually not equipped with the same level of medical care that is available in a nursing home, and instead focus...
Early planning may help prevent Medicaid estate recovery
As you create your estate plan, you will likely start planning for the high cost of nursing home care. Should you need to go to a nursing home, you want to qualify for Medicaid's asset and income requirements. Fortunately, your house is usually exempt from Medicaid's...
Care coordination for aging parents can provide peace of mind
People are living longer in Colorado and the question of how to do that gracefully is on the forefront of many people's minds. One term frequently heard is "age in place," which is the considered the best scenario and allows a person to remain at home. There are...
Estate planning biggest mistake is failure to make a plan
People undertake projects every day. Some are completed successfully and others not so much. Of the failing projects it is often said that mistakes were made. People in Colorado are not immune to failure and a project where mistakes can happen is in estate planning. A...
7 things to consider about your estate plan after divorce
Estate planning allows you to control the distribution of your assets after your death. However, the priorities outlined in a will or trust often change after the end of a marriage. That’s why it’s crucial to scrutinize your estate plans going forward after...
Estate planning tips for retirees
Transitioning to retirement can be the fulfillment of a lifelong dream for many Coloradans, but it can also be a stressful time. There are many legal considerations you must make to prepare for this new chapter in your life as well as for those you love.However, a...
