Elder Law and Medicaid Planning are about ensuring that elderly loved ones receive the care they need while protecting life savings. When a person receives long term care, it is very expensive and can exhaust a person’s financial resources. As an elder law firm, Vick Law, P.C. in Greenwood, Indiana assists clients in preparing for long term care so that a diagnosis of Alzheimer's disease, stroke, or dementia, does not threaten a person’s wealth.
To qualify for the benefits that Medicaid provides, you must meet income requirements. Because you must have limited assets and a lower income, you need to be able to protect what you have. Here are a few strategies to help make that happen:
Medicaid Compliant Annuities
Asset Protection Trusts
To see which of these strategies would work best for you and your situation, meet with me at my firm, Vick Law, P.C., today and we can get started on creating a plan that fits your needs and goals.
After graduating from Liberty University School of Law, I began working with people that were looking to plan their estate. Because this is typically an older crowd (though it's never too early to put an estate plan in place), I also began helping them with other matters like Medicaid planning.
I thoroughly enjoy going to work every day because I know that clients come to me for creative strategies and out-of-the-box thinking. I work as efficiently as possible without sacrificing the quality of representation and guidance that I provide.
If you live in Greenwood, Indiana or any of the surrounding areas like Indianapolis, Plainfield, Franklin, Martinsville, or Bargersville, contact my office today to schedule a free consultation. I look forward to meeting with you to go over your options for what's to come.