Medicaid has different rules from state to state. The eligibility requirements for Illinois residents may be different from those in New York or California. Each state can adopt laws to customize the Medicaid program to suit the needs of their people.
Sometimes people are just too ill – physically or mentally -- to work.
As life expectancy increases and 40 becomes the new 30, many of us don’t expect to need to think about the future just yet. We may even expect that we won’t be retiring until we’re in our 70s. So why in our 40s do we need to think about an estate plan?
A special needs trust is a specific type of trust that is designed to benefit a specific type of beneficiary. These beneficiaries are generally disabled or battling a mental illness. Those who are considering this type of trust for a loved one likely have a number of questions about this legal tool.