PROVIDING LEGAL GUIDANCE
FOR ELDER LAW

The Law Offices of Gary P. Bonk of Schererville, IN, has more than 25 combined years providing legal guidance. As you age, it becomes more and more essential to create a protection plan to protect your hard-earned assets in case of a crisis, if you run out of money or become incapacitated, you want to ensure you are prepared.

There Are Many Options Available to You

The areas of elder law are multi-faceted. They may relate to where you will live for long-term care and what options are available to you. These options may include in-home or assisted living (out-of-home care). Medicaid will pay for patients at long-term care at a facility. With this help paying costs, you will be able to protect your assets. Even when you have less than $2,000 to your name, there are ways within the law to preserve those assets, so you don’t have to use them for payments.

Options Available - Schererville, IN - Law Offices of Gary P. Bonk

The areas of elder law are multi-faceted. They may relate to where you will live for long-term care and what options are available to you. These options may include in-home or assisted living (out-of-home care). Medicaid will pay for patients at both long-term care facilities and for in-home long-term care. With this help paying costs, you will be able to protect your assets. Even if you have more than $2,000 to your name, there are ways within the law to preserve those assets, so you don’t have to use them for payments.

Options Available - Schererville, IN - Law Offices of Gary P. Bonk

Special Needs Trusts

There is also the issue of elder law that leads to estate planning. These are referred to as special needs trusts. These trusts can shelter the assets of someone who relies on government benefits such as Medicaid and SSI. They may have received a significant award from a lawsuit or a substantial inheritance; if that's the case, we can prepare a special needs trust, to preserve the client's assets while continuing to keep the client qualified for their government benefits.

If you have questions related to elder law, we ask that you reach out to the Law Offices of Gary P. Bonk. Call us today

at 219-864-7800.

If you have questions related to elder law, we ask that you reach out to the Law Offices of Gary P. Bonk. Call us today at 219-864-7800 to schedule an appointment.