Your Elderly Care Benefits

In Colorado, as with every state, there are benefits offered to senior citizens that can provide for care in old age. Social Security, Medicare and private insurance are the three most common types of benefits offered.

Before you sign up for senior care in Colorado, consider a consultation with a CPA and with a lawyer. The lawyer can provide a power of attorney that can let your family handle financial issues that might arise as you age. The CPA can advise your family on how to best use your benefits and plan your finances to best protect your existing assets.  Many government benefits will not help you with elderly care if you are above a certain net worth or have valuable assets. There are rules about moving assets before consideration for benefits that need to be followed. A professional accountant can help you with this.

Thanking the time to plan for your legal and financial needs can pay great dividends later on.

Advertisements