Indianapolis Medicaid attorneys provide assistance with the creation of an Medicaid plan to protect your assets in case you need Medicaid to pay for a nursing home or long-term care if you get sick, hurt, or too old to live alone. Medicaid attorneys can also help parents of disabled children to structure an inheritance for their children in such a way that the inheritance will not cause a loss of access to important means-tested Medicaid benefits.
Frank & Kraft makes the process of getting legal help with a Medicaid plan easy, so you can count on our compassionate and knowledgeable legal team to work with you to get yourself or your child covered and to get your assets protected. If you are getting ready to meet with a Medicaid lawyer, there are a few things that you may want to do before the meeting so you can ensure that you make the most of your time with your attorney and so you can ensure that your goals for meeting with Indianapolis Medicaid attorneys are fulfilled. Some of the steps you may wish to take include the following.
Identify Your Goals for Meeting with an Attorney
When you are meeting with a Medicaid planning attorney, you should be ready to discuss with your lawyer what you hope to accomplish. If your goal is to protect your assets, you can let your attorney know you are concerned that your wealth is at risk. If you are not certain exactly what your goals are or why making a Medicaid plan is so important, you can also come ready to talk with your lawyer about your personal situation so an experienced attorney can help you to identify your goals.
Make a List of Your Questions to Ask Your Lawyer
Making a Medicaid plan can be complicated, and it can sometimes be difficult to even determine if Medicaid planning is something that you need. You want to find out as much as you can about how Medicaid planning works, what your plan should entail, and whether you are at risk. To ensure that you actually get all of your questions answered and that you aren’t left with unresolved issues, you should make a list in advance of the questions that you hope to ask your lawyer. An experienced attorney at Frank & Kraft can also explain what is involved with Medicaid planning and how your specific situation will be affected, but our legal team wants to make sure that we address the issues that are on your mind — and making a list of queries can help you to make sure you do not forget to ask about any of the big things that you want answered.
Consider the Assets That You Wish to Protect
The purpose of making an Medicaid plan is to protect assets. If you are making an Medicaid plan because you are concerned about going into a nursing home, you need to think about the assets that you hope to have serve as your legacy. You do not want to spend this wealth down just because you get sick and have to pay for costly nursing home care, which isn’t typically covered by Medicare or other types of insurance. Qualifying for Medicaid and getting Medicaid to pay for nursing home care could allow you to preserve and protect your wealth, but you should have some idea of the type of assets you are hoping to keep safe. Likewise, if you’re planning on leaving an inheritance for a disabled child and you want to protect the child’s Medicaid benefits, you should have an idea of what you hope the inheritance will be. When you tell your lawyer about the assets you hope to protect, your attorney can help you to identify the best course of action for making your Medicaid plan.
Contact Indianapolis Medicaid Attorneys Today
Indianapolis Medicaid attorneys at Frank & Kraft will work with you to make Medicaid planning easy. We can help you to determine if you need to make a Medicaid plan based on your specific financial and family situation. If you do need a plan to protect your wealth while getting yourself covered for Medicaid or if you want to protect your disabled child’s benefits while providing an inheritance, our legal team will guide you through the process of making your personalized Medicaid plan.
To find out more about how our legal team can assist you with getting Medicaid benefits or protecting access to these benefits, join us for a free seminar. You can also give us a call at 317-684-1100 or contact us online to get started on your personalized plan.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.