The Colorado Springs Gazette final

Careful estate planning

You recently published an article about the benefits of transferring real property into a beneficiary deed by Jim Flynn. He said it was a useful planning tool. There is one big caveat that readers need to know about. If you execute this deed in Colorado you will be exempt from any Medicaid benefits and your home is not protected from any recovery efforts made by the government. Proceed with caution.

While planning our estate we asked our attorney how we would protect all of our assets from Medicaid recovery. She said do you really think it is fair not to pay your fair share for services rendered to you if you should need Medicaid? Food for thought. I know a lot of people would not agree with this. We are giving it a think before we proceed with our estate planning.

Sandra Mullikin Colorado Springs

OP/ED

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2023-02-03T08:00:00.0000000Z

2023-02-03T08:00:00.0000000Z

https://daily.gazette.com/article/281883007489117

The Gazette, Colorado Springs