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Is It Too Late To Start My Retirement Planning Over?

Mar 31, 2017

By Rick Law, Estate, Asset & Retirement Tax Attorney at Law Elder Law in Western Chicagoland. It’s a statement I used to hear all too regularly at the height of the recession. Clients coming into my office would lament, “We have lost so much in our mutual funds that I should just sell EVERYTHING and […]

Choosing a Nursing Home

Mar 28, 2017

by Rick Law, founder of Law Elder Law, Estate, Asset & Retirement Tax Attorneys in the West Chicago suburb of Aurora in Illinois. Recent studies reveal that nearly 70 percent of those 65 and older will eventually need some sort of long-term care assistance. When a family reaches the point where it becomes necessary for […]

Putting Together the Pieces of the Aging Puzzle

Mar 25, 2017

From Estate, Asset and Retirement Tax Lawyer Rick Law of the Multi-Generation law firm at Law Elder Law in West Suburban Aurora, Illinois. Due to the nature of typical elder law representation, it is particularly important that we spend time educating our clients and their families to understand the attorney-client relationship. We have a duty […]

Transformation Over Transaction

Mar 23, 2017

By Estate Planning attorney Rick Law. Rick is founder of the multi-generational law firm at Law Elder Law. Estate, Asset & Retirement Tax Attorneys serving Kane, Kendall, and DuPage counties in Illinois. One of the goals in our practice is to make the client’s experience “transformational” rather than “transactional.” This means doing more than simple legal […]

A Multi Generation Law Firm

Mar 21, 2017

By Attorney Rick Law of the Estate, Asset and Retirement Tax law firm of Law Elder Law, home of the Estate Planning Center at Law Elder Law in Aurora, IL. As a prospective client, it’s completely reasonable for you ask your attorney about their own succession plans. I was born in 1950 and my life […]

Do I Need a Caregiver Agreement?

Mar 08, 2017

By Estate, Asset and Retirement Tax Lawyer Rick Law of the Estate Planning Center at Law Elder Law. Familial caregivers are typically compensated according to what the state along with your attorney determines to be “Fair Market Value”. This may prevent transfers of money from one family member to the next from being counted as gifting […]

Evaluating a Personal Care Agreement

Mar 05, 2017

By Elder Care Attorney Rick Law. Founding Partner at the Estate, Asset and Retirement Tax Lawyers at Law Elder Law in Aurora, IL. Just off of the I-88 tollway. So, what is considered “Fair Market Value” in regards to a personal care agreement? The first thing a hearing officer or judge usually checks when evaluating […]

The Cowboy Code

Mar 02, 2017

By Attorney Rick Law of the Estate, Asset and Retirement Tax Lawyers at Law Elder Law. Home of the Estate Planning Center at Law Elder Law in the Western Chicagoland suburb of Aurora, in Illinois. I grew up (like most baby boomers) in the age of the TV Cowboy Hero. We were saturated with the […]

Starting the Final Arrangement Conversation

Feb 24, 2017

By Estate and Asset Protection Attorney Rick Law. Founder of the Multi-generational Estate Planning Center At Law Elder Law in Aurora. Serving Kane, Kendall, DuPage Will and Cook counties in Illinois. They say the only two assurances in life are death and taxes, so most people can consider that they are going to die…someday. Actually […]

Personal Care Contracts and Medicaid

Feb 21, 2017

By attorney Rick Law of the Estate, Asset and Retirement Tax Lawyers at Law Elder Law in West suburban Aurora in Illinois. Seniors suffering from dementia who wish to qualify for state-paid nursing home care are required to spend down until they only have $2,000 in countable assets (this number varies from state to state). […]

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