Knowing who and what could cause someone go to against your assets is vital to how you plan for your long term care. Let’s discuss the situations and individuals that affect your asset protection plan.
HOW OUR FIRM CAN ASSIST YOU
Creditors. Lawsuits. Family Disputes. You want to make sure you’re covered legally in the event things don’t go your way in your golden years. The foundational idea behind asset protection is we want to preserve your resources such as income and property against parties like those above. There are many ways asset protection can be implemented but you want to know it who would be involved in creating your plan. We will go in depth on what the basics are to include and who would be part of the decision making process.
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THE PARTIES IN YOUR PLAN
The people that are involved in asset planning are a part of your larger estate plan. The best way to figure out where to start would be looking at the following documents (with the corresponding individuals).
These are just a few of the individuals you need to look at when considering how you will protect your assets.
SURROUNDING THE BASIS
When someone mentions asset protection, they can mean general estate planning, wills or just a necessary power of attorney. We use the above items and apply the components to long-term care planning such as Medicaid qualification among other considerations. Only a qualified Indianapolis elder law attorney that specializes in creating a custom solution can provide the guidance necessary.
HOW WE APPROACH ASSET PLANNING IN INDIANA
There are certain assets that you can protect better than others and will depend on your particular situation. A great place to start is looking at the following:
Contact An Indianapolis Elder Law Attorney Today To Discuss Your Asset Plan!
Seeing that both state and Federal laws change and are extremely complicated by nature, you need to be sure you have an advocate on your side. Not just to execute your asset planning on both a time-frame that takes into account all that is involved, but to keep your interests in mind with dealing with parties such as nursing homes and the government that doesn’t always have your best interests at heart. Call or fill in the form today to get started.
To schedule your no-obligation case evaluation, please contact an Indiana elder law attorney from our firm today!
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