As your loved ones age, you should talk about their healthcare wishes and end-of-life care. One essential tool for preserving their wishes is an advance directive. There are four key reasons why your loved one needs an advance directive. 1. Maintaining control over...
Peoria Estate Planning, Elder Law and Disability Blog
Careful planning can help secure Medicaid for long-term care
Planning for the future requires protecting assets and securing access to the available healthcare options. Estate planning with Medicaid and long-term care in mind provides peace of mind. It helps people preserve their wealth while meeting Medicaid's eligibility...
Who should be the executor of your estate?
One of the most important decisions you will make when creating your estate plan is deciding who will oversee the process of administering your estate in the future. You have the right to decide what happens to your property after your pass and your medical care in...
Do you need an advance directive in your estate plan?
Estate planning involves making decisions related to your assets, beneficiaries and future care. The future is uncertain, and no one knows when an unexpected health emergency could arise. Without a legal document detailing how you wish for others to care for you if...
Does your depression qualify you for disability benefits?
If you are unable to work, you know that this can have a direct and significant impact on your life and your family. An inability to maintain gainful employment is a threat to your financial stability, and you may find that your current mental or physical condition...
How can you prepare for your disability benefits claim?
If you find yourself in a position in which you are unable to work and support yourself, you could face financial struggles and other complications. An inability to work means you will not have sufficient income to cover your needs, and things such as housing,...
Estate planning mistakes could cost you and your loved ones
It can be quite complicated to plan for the future. You cannot predict what will happen, and you may not want to consider what will happen after you pass away in the future. However, it is an important effort for adults of all ages, regardless of income level or...
What types of powers of attorney do you need for an estate plan?
It is not easy to know what types of legal and financial protections you may need for the future. You cannot know what types of issues will arise and what you may need to rely on the protections you have in place, which is why it is important to have a complete estate...
Having the discussion about estate planning with aging parents
It is never easy to discuss your own mortality, and it can be just as difficult to discuss this sensitive issue with your parents. As an adult, you may wonder what will happen in the future when your Illinois parents are unable to care for themselves or after they...
The benefits of establishing a trust
Planning for the future is a critical step for all adults, regardless of age, income level and health status. There are significant benefits to having a legal and financial strategy in place that will allow one to make decisions for himself or herself and decide what...
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