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May 02, 2013
With a healthcare power of attorney document, you appoint an agent who has the ability to talk to your doctors, get your medical records, get a second opinion or consult on your life support wishes, to name a few of the major areas in which your agent can act on your behalf. We start with […]
Apr 29, 2013
It is an unending goal of most people to minimize taxes as much as they possibly can, and to preserve wealth for themselves and their loved ones. Certainly, that goal becomes clearer when it comes to estate planning. There are some good reasons for this. Federal estate taxes can be much higher than personal income […]
Apr 27, 2013
What happens to an estate upon death – and what can essentially determine the safety of one’s assets will depend in large part on what kind of plan the decedent had in place at the time of their passing. If someone dies without having a will, then they die “intestate.” But here’s a little know fact: […]
Apr 25, 2013
Talking about what happens after you pass away isn’t an easy thing to do. Most people avoid it like the plague… and that’s normal! That being said, we have to remember that after we breathe our last breath, something does happen to our estate… whether we planned for it or not. Most people think that […]
Apr 23, 2013
Most people want to remain at home for as long as possible as they age. Some seniors living at home need help with activities of daily living. The problem is, the cost of hiring in-home help can add up quickly and a nursing home or assisted living facility becomes the only option. Few people know […]
Apr 20, 2013
Dementia and chronic illness can be one of the most devastating experiences a family can face. Rick Law has experienced that devastation and responded to it by founding Law Elder Law, a firm dedicated to helping victims’ families cope with their grief and confusion, and discover how they can save the assets their loved one […]
Apr 18, 2013
One important factor to consider in the VA asset limitation test is that giving away cash or other things of value can create terrible problems later for senior citizens if they need to apply for Medicaid to assist them with skilled nursing home care. Giving away assets can create a long penalty period of ineligibility […]
Apr 15, 2013
An Introductory Tour of the Special Monthly Pension available for Wartime Veterans And/Or Survivor Spouses who are Age 65 Or Older OR Permanently and Totally Disabled. Most people think of veterans’ benefits as being only for servicemen and women who were wounded or disabled while serving in the armed forces. By and large, that is true. But we […]
Apr 12, 2013
In a nutshell, Law Elder Law is dedicated to serving seniors and those who love them in the Chicagoland area. We deal daily with the complicated maze of Medicaid, estate planning, taxation, long-term care planning, special needs trusts and veteran’s benefits for our clients. Diana Law is one of our lead attorneys and plays an […]
Apr 09, 2013
Here are some questions to help you to start thinking about what you would like to put into your Ethical Will. Read through them and jot down some ideas… and think of new topics you would like to delve into in your letter. After you make your preliminary notes, take a day or two to let them […]
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