Comprehensive planning involves not only advancing today’s goal, but preparing for the future by reviewing the entire situation.
1. Medicaid planning often includes re-titling assets and shifting elements of existing estate plans.
2. If powers of attorney are not already in place, they are also often needed.
3. Guardianship proceedings may be needed depending on the specific situation and planning needs.
4. Existing beneficiary designations should be inventoried and trust planning should be considered to complete the planning process.
In each case, a detailed review of the situation is needed as part of a comprehensive estate and long-term care plan. Often, this involves working collaboratively with family, financial planners, tax planners, and bankers.
For more discussion of common issues with applying for Indiana Medicaid, click here. If you are in need of legal advice regarding planning, long-term care, or Medicaid, please contact us at (219)-230-3600 or via email at email@example.com. If you would like to schedule an appointment, please click the button below.