Long-term Care Planning
Long-term Care Planning can be implemented effectively with the assistance of a skilled attorney in order to protect healthy and vigorous seniors against the uncertainties of asset depletion arising out of the later needs for assisted living or skilled nursing care.
Although the field of Elder Law encompasses Long-term Care Planning, Long-term Care Planning essentially is a type of estate planning which features a forward-looking assessment of the needs of the client several years into the future and the implementation of techniques and strategies, including the transfer of certain assets, well in advance of the Medicaid look-back period (5 years) which exists in Colorado, as well as potential access to other governmental benefits.
Long-term Care Planning generally provides a great deal of peace of mind to the client when the plan is properly drafted, allowing a legacy to be left to their loved ones regardless of a downturn in the client's future health.
Please contact us to discuss Long-term Care Planning techniques and strategies which can benefit you and your family and provide you peace of mind.
