Long-Term Care Planning
The average cost of a nursing home in Colorado is $7,000 per month, which can be a hefty price tag for many middle-income families. It can be beneficial to plan ahead, considering Medicare and other funding sources to cover long-term care expenses. The application process can be complex, often making even the most well-intentioned individual ineligible for funding.
Given the eligibility requirements and potential pitfalls associated with applying for benefits, it is in your best interests to confer with an experienced estate planning lawyer. He or she can provide much-needed advice during the initial planning stage, and guidance through the application process.
Working With You To Determine Your Unique Care Plan
At Tolison & Williams, Attorneys at Law, LLC, I can provide the advice and counsel you need to satisfy your long-term care planning needs. I have extensive experience with helping individuals and families plan for the future and can provide a comprehensive evaluation of your care needs, including:
- Identifying the ownership of assets
- Determining how your assets are owned/structured
- Maximizing the use of your assets
From this evaluation, I can determine what long-term care planning tools will work best for your unique situation. Potentially these tools could be wills or various types of trusts.
Designating An Advocate For Your Health Care Decisions
Long-term and Medicaid planning typically also entail identifying a person who can make health care decisions for you if you become incompetent. This role is typically called a health care power of attorney. If you do not identify a person in advance, it is typically up to the courts to decide. I can also help you to understand the responsibilities of this role so you can designate the appropriate person.
Talk To a North Denver Attorney About Your Long-Term Care Planning Needs
Learn more about the law firm and how I might be able to assist with your estate planning needs by calling 800-331-0745. Or, if you prefer, send an email using my online contact form. Flexible payment options are available.