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.
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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
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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
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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
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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
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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
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Legal Planning For Living With A Chronic Medical Condition In 1900, most people died younger from communicable diseases and after relatively short illnesses. Today, we are more likely to die older from one or more chronic conditions and after an extended period of illness. The decisions involved with planning for disability associated with chronic conditions
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Important Information To Know And Keep Current Medical Insurance A list of insurance policies, the carriers, the account / policy numbers, and names of beneficiaries. Utilities Names, account number, and contact information for all utilities (electric, phone, cable, water, internet, etc.). Documents Financial This information is not to be considered legal advice. If you have
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