How much time does the state of Colorado have to attach assets to cover Medicade costs?

Asked over 1 year ago - Gardnerville, NV

A motor home and jeep were willed to myself and my sisters prior to my parents going in to a nursing home a year ago. That was their entire estate. As executor, prior to distribution of funds from the sale of the vehicles , I want to keep the money in an account until I am sure the money will not be attached by the state of Colorado.

Attorney answers (3)

  1. Israel Lynda Kunin

    Contributor Level 15

    2

    Lawyers agree

    Answered . I can't tell from your summary whether your parents signed title of the home and jeep to you a year ago, or whether they put in the will that you and your sister were to inherit these items. Have your parents passed in the past year? Were they residents of Colorado - I assume so since that is where medicaid came from - You must speak with a Colorado probate attorney as to whether a probate is necessary.

  2. James Gregory Las Cola

    Contributor Level 13

    Answered . Your question does not make any sense. I am changing your practice area to probate and adding some tags so some of the fine probate attorneys can point you in the right direction. I can advise you this may not be the right forum for you to discuss the specific facts of your situation. You may find it wise to seek out the assistance of an experienced probate attorney who practices in your county. There are many good ones available here who you can find through the search function at Avvo.com.

    Of course, as always this answer is general in nature, applies only to Illinois law, assumes certain facts omitted... more
  3. Kelly Scott Davis

    Pro

    Contributor Level 19

    Answered . You really need to see a Colorado elder law or probate attorney who has experience with Medicaid recovery. Colorado's Medicaid lien isn't going to disappear. It's statutory. You need to deal with it. You don't want them coming after you down the road. The longer you wait the worse it can get.

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