Elder law attorneys assist clients who are concerned about legal and financial matters they may face as senior citizens, and long-term care is at the top of the list. It is a major source of concern because Medicare does not pay for the custodial care that nursing homes and in-home caregivers provide. We looked at the state of long-term care costs in the Naperville area in a recent post, and … [Read more...]
Illinois Medicaid Eligibility: Key Figures for 2021
The most pressing matter that elder law attorneys address is the long-term care situation. If you visit the website longtermcare.gov, you will see some eye-opening statistics that shed light on the subject. This site is maintained by the United States Department of Health and Human Services, and their research has found that seven out of every 10 seniors will need help with their activities of … [Read more...]
Can a Person With a Disability Establish a Supplemental Needs Trust?
There are pointed estate planning solutions that can be utilized to satisfy certain specific objectives. The best way to provide assets to one person on your inheritance list may not be appropriate for the next. This certainly applies to estate planning for people with disabilities. Government Benefit Eligibility Medicaid is a jointly administered federal/state government health insurance program … [Read more...]
Inheritance Planning Errors Are All Too Common
When you make a mistake, you learn from it, but you pay the price first. If you would have known about the outcome in advance, you could have avoided the costly error. With this in mind, we are going to look at some commonly made estate planning mistakes in this post. Expecting Too Much From Medicare If you know that you are going to qualify for Medicare when you are 65, you will naturally … [Read more...]
