Most Illinois residents make plans for their life -- where they see themselves five to 10 years down the line. Few make lifelong or end-of-life plans, however, and that is something that may come back to hurt them and their loved ones. Having an estate plan may not be...
The Medicaid nursing home assistance program is a joint Federal-State program but with the feds and state sharing the cost. This has generally been nursing home care but there are a limited number of assisted living facilities in Illinois that are Medicaid facilities....
For many people their Power of Attorney maybe their most important document. --more important than their will. You may be the type of person that is much more concerned about what will happen while they are alive. A Power of Attorney for Property allows you to appoint...
In looking at your ability to work SSA will not consider the following. (1) Your inability to get work; (2) Lack of work in your local area; (3) The hiring practices of employers; (4) Technological changes in the industry in which you have worked; (5) Cyclical...
Trusts will generally provide that assets will remain in trust until the beneficiary reaches a particular age. It might 21 or maybe 22 if you think the beneficiary will have completed their education by that age. Maybe age 25? You can set whatever age you want and...
I have persons call my office to review and change their estate planning documents. More and more persons are using revocable trusts as their primary estate planning a tool for a lot of very good reasons. What happens though when you create the trust but never get...
When should I update my Trust or Will? All revocable living trusts and all wills should be reviewed every few years. So what should I be looking at if my beneficiaries are still the same? Do I still have the best person named to be my Executor or my Successor Trustee....
Recently divorced? 💔 Are you concerned your ex may be in control because of a POA for health Care and/or Property. What about estate planning? A new will? A new trust? Make sure you get your paperwork changed! If you’re just now going through the motions of divorce...
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