In Illinois, when a person dies, his or her estate may need to go through a legal proceeding known as probate. The probate process can be somewhat complex and confusing. There is simply a lot to do before beneficiaries can access their inheritance. There is a great...
Month: March 2021
“I’ve chosen an executor for my will – is there anything I can do to make the process easier for them once I’m gone❓”
YES! . . First, make sure the person you’ve chosen is made fully aware that you picked them for this very important role. . Next, give them the information they’ll need to succeed. 🔹 Location of the will/trust 🔹 Contact information of your estate planning...
What Are Activities of Daily Living (ADLs)?
“My Mom lives by herself, but she can’t get herself out of bed and she needs help with that. Will Medicaid cover help with that one issue❓. Medicaid looks at six daily activities of daily living (ADLs) to decide what level of help the applicant will receive...
When Parents Refuse Help!
“Mom is becoming forgetful and I’m worried...” “Dad fell in the shower and nobody is there to help him, he’s all alone...” “I want to get help for my parents but they refuse help...” . Sound familiar❓ . If you’re concerned about your aging parent and they FLAT OUT...
Making Gifts and Medicaid Eligibility
“My accountant told me that I can gift each of my kids $15k without getting taxed. But will it hurt my chances of getting Medicaid?” . Yes, it will cause a HUGE problem! . . This is where most people get confused between tax rules and Medicaid rules. When you apply...
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The Law Office of William C. Wombacher
Local: 309-674-8125
Toll Free: 888-365-0852
Fax: 309-674-8149
Commerce Bank Building
416 Main Street Suite 700
Peoria, IL 61602
416 Main Street Suite 700
Peoria, IL 61602
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