Spousal impoverishment is a concern for older couples when one spouse needs long-term care and applies for Medicaid. If one spouse requires care in a skilled nursing facility and the other remains at home, the spouse at home might face significant financial hardships. The high costs of nursing homes combined with Medicaid’s strict income and […]
What is Spousal Impoverishment in Medicaid Planning? Read More »
In today’s world, it is crucial to have healthcare insurance. So, it can be concerning if your application status is still “Medicaid Pending.” Medicaid Pending status means that your Medicaid application or your parent’s application has not yet been approved or denied. Essentially, your application is in limbo. Here is why this status is important:
Navigating Medicaid Pending, Denials, and Appeals Read More »
You have completed and executed your plan for your special needs child, spouse or loved one. Everyone you’ve selected to serve—your guardian, your trustee, your health care proxy, your executor, and possibly a trust protector as well—has signed the paperwork. All set? For now, yes. But it’s a good idea to review these selections on
When Should You Consider Changing Your Special Needs Plan’s Key Players? Read More »
August signifies National Make-a-Will Month. For the one in five families who care for children with special needs, estate planning is crucial. Parents of a child with a disability face numerous challenges and concerns. One 2022 study found that among these parents’ biggest worries was what would happen to their children if they got sick.
Estate Planning for Parents of Children with Special Needs Read More »
Elder law attorneys specialize in estate planning, incapacity planning, and end-of-life care for seniors. They also help older adults remain in their homes as they age and protect them from abuse. These practitioners are essential because they work to protect a vulnerable population. To plan for their future and their care, seniors and their families
Why Hire an Elder Law Attorney? Read More »
Ten percent of adults 65 and older experience elder abuse each year, according to the U.S. Department of Justice (DOJ). Elder abuse happens when a caregiver or another trusted individual causes physical, mental, or financial harm to an older adult by an act or omission Common Types of Elder Abuse Abuse of an elder may
Common Types of Elder Abuse Read More »
What is a Will? In Illinois, if someone dies with a Last Will and Testament, that will should be filed with the local county’s clerk’s office. A Last Will and Testament generally designates who will act as the estate’s representative or Executor. The will also designates legatees, or those individuals or entities, who receive either
Contesting a Will In Illinois Read More »
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 opportunity for tax- free gifting. As a result, any person who gives away $17,000 or less annually
Even Gifts Allowed By The IRS Are Subject To A Penalty For Medicaid Read More »
Why Choose An Elder Law Attorney For Estate Planning? 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 estate planners
Why Choose An Elder Law Attorney For Estate Planning? Read More »
Family Caregiving When The Adult Children Live Long Distance When families live far away from one another, the holidays may be the only opportunity that long-distance caregivers and family members have to personally observe older relatives. Decline can happen quickly. Family members who haven’t seen their aging loved for a while may be shocked at
Family Caregiving When The Adult Children Are Long Distance Read More »
