We have office locations in Arvada, Broomfield, Colorado Springs, Ft. Collins, Lakewood, Littleton, Denver, and Lone Tree.
No matter your level of income, your home may be one of your most valuable assets. Unlike other types of assets — such as pension plans, stocks and 401(k) accounts — homes and long-held vacation properties have sentimental value as well. This can make them hard to let go when the time comes.
Whether you are thinking about the distant future or need to downsize in order to obtain Medicaid benefits, you have options. There are a variety of property transfer vehicles available, such as:
Warning! Use with caution
Whatever you do, don’t make a decision about your home without first consulting an attorney. Decisions about what to do with your home and other real estate assets should be made during the creation of your comprehensive estate plan. A misstep can create a tangled web of legal and tax problems for you and your heirs. A property transfer can also affect your application for the Medicaid benefits you need for nursing care.