Though you may not realize it, there is a very good chance that you will someday need to qualify for benefits offered by the Medicaid program. The reason for this is that unlike most other health insurance plans or policies, Medicaid covers long-term care expenses. If you do suddenly find yourself in need of Medicaid coverage you may wonder “ How soon can I get Medicaid in Illinois? ” As you may already know, Medicaid is a healthcare program that is funded by the federal government but … [Read more...] about How Soon Can I Get Medicaid in Illinois?
Illinois estate planning attorney
In the United States we are fascinated, sometimes obsessed, with celebrities. When a celebrity dies, we often turn that interest toward the estate left behind by the celebrity. How much money was left behind? What gets his/her money? It should come as no surprise then that the tabloids starting discussing the estate of actor and comedian Robin Williams within hours after he was reported to have committed suicide. What is surprising, however, is that the tabloids were able to provide details … [Read more...] about Estate Planning Lessons from the Late Robin Williams
Although science and medicine have come a long way in the last 100 years or so, none of the advances have found a way to halt the natural aging process. Therefore, the time will come, eventually, when you require assistance to get through the day. You may also need regular medical care for chronic or even terminal conditions. If you are like most people, you would prefer to remain in your home despite these needs, prompting the question “ Does Medicaid pay for in-home care? ” The average … [Read more...] about Does Medicaid Pay for In-Home Care?
Most people know very little about the Medicaid program – and what they think they know may be incorrect. For instance, did you know that although Medicaid does provide health insurance for low income individuals and families, it also provides coverage for the disabled and elderly? Moreover, the odds are very good that you will need the benefits offered by Medicaid during your golden years. One area of considerable confusion within the Medicaid program is the “waiver” program. If you do end up … [Read more...] about What Is a Medicaid Waiver?
Not too long ago trusts were used primarily by wealthy families as a mechanism by which the family wealth could be transferred to future generations without losing complete control over how the assets were used. In the 21st century, however, trusts are almost a routine addition to any estate plan. Despite this, trusts remain a mystery to many people. The manner in which assets are handled in a trust, for example, causes a significant amount of confusion for many people, causing clients to ask “ … [Read more...] about What Assets Are Left Outside of My Trust?
Most people who have been fortunate enough to have private healthcare coverage during their working years know very little about the Medicaid program. If you suddenly need to qualify for Medicaid benefits, something that is more likely to happen than most people realize, you may find yourself asking “ Does the State take my assets when I go on Medicaid? ” Because there are many myths and misconceptions about Medicaid, it helps to have a basic understanding of why you might need to qualify for … [Read more...] about Does the State Take My Assets When I Go on Medicaid?
One of the hardest decisions a child ever has to make is the decision to seek guardianship over a parent. It often feels as though you are taking away your parent’s freedom and independence; yet, failing to do so can lead to serious injury or victimization by predators that prey on the elderly. So how do decide if your parent needs a guardianship? Ultimately, a judge will decide if your parent needs a guardian; however, careful deliberation and consultation with your estate planning attorney … [Read more...] about Does Your Mother Need a Guardianship?
A comprehensive living trust estate plan typically involves a variety of legal documents, strategies and options. Your estate plan is also likely to change over the years as life events call for changes in your plan. If you have chosen to include a trust in your estate plan you may, therefore, need to make changes to the trust. Whether or not you can make changes to a trust depends on the type of trust you created; however, if your trust can be changed, effectuating those changes is usually … [Read more...] about Can You Make Changes to a Trust?
Most people are familiar with the concept of a power of attorney, or POA. You may have executed a POA before or been appointed as the agent in a POA at some point in your life. Because a POA is such a common legal document people often take the document lightly, sometimes with tragic consequences. Before you consider executing a power of attorney, be sure you understand the document you are signing and always choose your agent wisely. A power of attorney is a legal arrangement in which a … [Read more...] about Executing a Power of Attorney – Choosing Your Agent Wisely
People frequently make the mistake of believing that they do not need to create and execute a Last Will and Testament. The reality, however, is that everyone over the age of 18 should have at least a basic Will in place. A better understanding of what happens without a Will should help you understand who should have a Last Will and Testament. A Last Will and Testament is a legal document that allows you to decide who will receive your estate assets in the event of your death. If you are young … [Read more...] about Who Should Have a Last Will and Testament?