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What Is Your Gut Telling You?
Oct 21, 2015
By Elder Lawyer Rick Law. Managing Partner at the Estate Planning Center at Law Elder Law. Senior Advocates in Western Chicagoland in Aurora, Illinois just off of the Farnsworth exit of the I-88 tollway. One of the key practices of an elder law lawyer is to bring in clinical professionals when their “gut” tells them […]
Guardian Defined
Oct 16, 2015
By Rick Law, senior advocate and elder law and estate planning attorney for seniors who want to plan for the unknown. Protect your family and your assets, and have your wishes adhered to if you become ill or incapacitated. Call the Estate Planning Center at Law Elder Law in Aurora for your free consultation at […]
The Red Flag of Alzheimer’s: A Change of Character
Oct 13, 2015
By Rick Law, senior advocate, co-founder of Alzheimer’s Hope, and estate planning elder law attorney in Aurora, Illinois in Western Chicagoland. Dr. William Thies is the chief medical and scientific officer for the Alzheimer’s Association. Before joining the Alzheimer’s Association, Dr. Thies worked at the American Heart Association. Prior to that, he held faculty positions […]
The Gift Tax, and Gifts to Family Members
Oct 10, 2015
By Rick Law, Elder Law and Medicaid Crisis Planning Attorney at the Estate Planning Center of Law Elder Law, Kane County Senior Advocates in Illinois. One of the most common myths of gifting is that the recipient of the gift pays taxes. It is counterintuitive that the person making a gift may be responsible for […]
Improperly Spending Down Assets – Don’t Make These Mistakes!”
Oct 08, 2015
By Rick Law, author of ‘Cruising Through Retirement – Avoiding the Potholes’, Elder Law attorney at the Estate Planning Center at Law Elder Law in Aurora, IL. If a spouse has Alzheimer’s and needs to qualify for Medicaid but the assets are too high, that person cannot simply give away assets until reaching the maximum […]
Avoiding Asset Spend Down
Sep 16, 2015
By Attorney Rick Law, managing partner at the Estate Planning Center at Law Elder Law. Providing estate planning, wills trusts, probate, guardianship, and elder law services to the western Chicago suburb of Aurora in Kane County, Illinois. Let’s say a couple has a house that is valued at approximately $300,000 and two vehicles. One spouse needs nursing […]
The Nursing Home Spend Down
Sep 14, 2015
By Rick Law of the Estate Planning Center at Law Elder Law in Aurora, IL. Senior advocates, estate planners, and elder lawyers. Individuals with more assets than allowed by Medicaid must “pay down” or “spend down” their assets before they can qualify to be eligible for Medicaid benefits. If someone applies for Medicaid before “spending down” to […]
Prenuptial and Antenuptial Agreements
Sep 11, 2015
By Estate Planning Attorney Rick Law, at the Estate Planning Center of Law Elder Law in Aurora, IL. When it comes to prenuptial or antenuptial agreements, if one spouse has to go to a nursing home, both spouses are responsible to pay for the care. That means your prenuptial or antenuptial agreement may not be worth the […]
Medicaid and Principal Place of Residence
Sep 09, 2015
By Rick Law, Managing Partner and Senior Advocate at the Estate Planning Center of Law Elder Law in Aurora, IL in the Western suburbs of Chicagoland. When one spouse is in a nursing home (the “institutionalized” spouse), and one spouse still lives in their jointly owned home (the “community” spouse), the home is considered an exempt asset. In other […]
“Medicaid Eligibility”
Sep 07, 2015
By Elder Law attorney Rick Law. Founder and Managing partner at the Estate Planning Center at Law Elder Law. Senior care and planning advocates in Aurora, IL, just off the Farnsworth exit of the I-88 tollway. Medicaid eligibility is based on the applicant’s medical condition and assets and income. For example, to apply for Medicaid assistance […]
Our Reviews
My wife and I had our first child three years ago. That’s when we decided to set up a trust, should anything happen to either of us. We reached out to Zach Hesselbaum to help us out. He was very thorough and professional throughout the whole process. Zach went above and beyond to make sure that we understood every detail of setting it up and he did an excellent job. We recently had our second child a few months ago. With the new baby, he helped us make the necessary revisions to the trust. Zach made this process great for us! I would definitely recommend using him for any of your estate planning needs!
Tom G., Naperville, IL