Resources Medicaid Even Gifts Allowed by the Internal Revenue Service Are Subject to a Penalty for Medicaid With the 2023 increase of the amount that the Internal Revenue Service (IRS) will allow a person to gift free from gift tax reporting, from $16,000 per person to $17,000 per person, per tax year, there is greater [...]
Special Needs Trusts
Resources Special Needs Trusts Special Needs Trusts A Special Needs Trust can be an important tool for a disabled individual who is, or may become eligible, for Supplemental Security Income or Medicaid but has excess assets preventing eligibility. Supplemental Security Income (SSI) is the Social Security program that grants income to people who are age
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Special Needs Planning
Resources Special Needs Planning Special Needs Trusts A Special Needs Trust can be an important tool for a disabled individual who is, or may become eligible, for Supplemental Security Income or Medicaid but has excess assets preventing eligibility. Supplemental Security Income (SSI) is the Social Security program that grants income to people who are age
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Elder Law
Resources Elder Law Why You Should Choose an Elder Law Attorney For Estate Planning Download Article Guide to Choosing an Elder Law Attorney Download Article Important Information to Know and Keep Current Download Article Why Work with an Elder Law Attorney for Medicaid The Illinois Medical Assistance Program (“Medicaid”) is the health care program for
Estate Planning
Resources Estate Planning Why You Should Choose an Elder Law Attorney You have decided to take the advice of your friends, family and financial planner and have your estate planning documents prepared. Who should you hire – a traditional estate planner, or, an elder law attorney? While most elder law attorneys are estate planners, most
Family Caregiver
Resources Family Caregiver Guide to Choosing an Elder Law Attorney Do you know what to look for in an elder law attorney and the firm as a whole? This resource explains the unique qualifications of an elder law attorney and how to assess an elder law firm when considering engaging in their services. Download Article
Medicare
Resources Medicare What is the Difference Between Medicare and Medicaid? Medicare and Medicaid sound alike, and many people use them interchangeably. However, they are very different programs. Medicare is a federal program that provides health coverage to insured workers who are age 65 or older or who have a disability. Medicaid is a state and
