Plan For Your Anticipated Needs So Your Life is Based On Your Own Terms
Plan For Your Anticipated Needs So Your Life is Based On Your Own Terms
Politakis Law will provide you the legal tools and assurance that your life will be based on your own terms. The idea of potentially losing your ability to make decisions independently or your inability to support your disabled child or loved one shouldn’t be overwhelming. If it is, Politakis Law can assist you through these complex rules with long-term care and an all-encompassing approach to elder law.
Last Will & Testament
A Last Will & Testament is a legal document which sets out the will maker’s directions as to who should receive his or her assets upon their death.
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Estate Planning
Generally, people believe that only wealthy individuals have an estate or need an estate plan. However, virtually every individual and family that owns property has an estate and can benefit from having an estate plan. It is also important to know that estate planning puts you in charge of important financial, medical, and personal affairs.
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Other Practice Areas
Secure Government Benefits While Protecting Your Assets
Health care costs are the number one reason people file for bankruptcy. Many government benefit programs have a set limit on the amount of assets and income an individual may have to qualify. Furthermore, the State of Indiana is required by federal and state law to seek recovery from their estate funds equal to the amount used to pay for their medical expenses. However, there are several estate planning strategies and tools to help you obtain government assistance for medical care without having to worry about depleting all your assets before or after eligibility.
One of these valuable planning tools is called a Medicaid Asset Protection Trusts. This type of Trust allows an applicant to meet the asset limit when they have excess assets. Simply stated, a Medicaid Asset Protection Trust protects a Medicaid applicant’s assets from being counted for eligibility purposes. Medicaid Asset Protection Trusts also protect assets for one’s family, which is a win-win for Medicaid applicants & their families.
Secure Government Benefits While Protecting Your Assets
Health care costs are the number one reason people file for bankruptcy. Many government benefit programs have a set limit on the amount of assets and income an individual may have to qualify. Furthermore, the State of Indiana is required by federal and state law to seek recovery from their estate funds equal to the amount used to pay for their medical expenses. However, there are several estate planning strategies and tools to help you obtain government assistance for medical care without having to worry about depleting all your assets before or after eligibility.
One of these valuable planning tools is called a Medicaid Asset Protection Trusts. This type of Trust allows an applicant to meet the asset limit when they have excess assets. Simply stated, a Medicaid Asset Protection Trust protects a Medicaid applicant’s assets from being counted for eligibility purposes. Medicaid Asset Protection Trusts also protect assets for one’s family, which is a win-win for Medicaid applicants & their families.
Provide For A Disabled Loved One Without Sacrificing Their Benefits
If you have a child or loved one with a disability, the thought of not being around to provide them with financial support may be one of the several concerns you’re faced with. For many individuals & families, a Special Needs Trust is the most effective way to financially assist their child or loved one with a disability or chronic illness upon passing away.
A Special Needs Trust allows a disabled beneficiary to receive inheritances, gifts, or other funds without losing the assistance they receive from the government. The Special Needs Trust is drafted so that the Trust’s funds will not be considered to belong to the beneficiary when determining their eligibility for public benefits.
The Special Needs Trust is also known as a Supplemental Needs Trust. As the name implies, Supplemental Needs Trusts are designed not to provide basic support, but for the comforts & luxuries not provided by public assistance funds.
Provide For A Disabled Loved One Without Sacrificing Their Benefits
If you have a child or loved one with a disability, the thought of not being around to provide them with financial support may be one of the several concerns you’re faced with. For many individuals & families, a Special Needs Trust is the most effective way to financially assist their child or loved one with a disability or chronic illness upon passing away.
A Special Needs Trust allows a disabled beneficiary to receive inheritances, gifts, or other funds without losing the assistance they receive from the government. The Special Needs Trust is drafted so that the Trust’s funds will not be considered to belong to the beneficiary when determining their eligibility for public benefits.
The Special Needs Trust is also known as a Supplemental Needs Trust. As the name implies, Supplemental Needs Trusts are designed not to provide basic support, but for the comforts & luxuries not provided by public assistance funds.
