Category: Asset Protection

How to Take Care of Your Spouse After You’re Gone

By Estate Planner Rick Law of the Estate Planning Center at Law Elder Law in Aurora, Illinois, in Western Chicagoland. One of the main goals in having a special-needs trust drawn up when dealing with Alzheimer’s is to make sure that your spouse is taken care of.  One way to protect the spouse is to draft […]

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Something About Mary: A Widow’s Journey

By Rick Law, Senior Estate Planning Attorney and Elder Law Attorney in Aurora, IL. Mary and her husband, Larry, enjoyed health, happiness, and modest success for many decades. After reaching retirement age, Larry began to notice that Mary’s memory was slipping. Within a few years, Larry had changed from being Mary’s husband and best friend […]

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When Cheap and Easy becomes Expensive and Difficult…..

By Rick Law, Senior Partner, Law Elder Law LLP Many times, when things are cheap and easy at the beginning, they become extremely expensive and difficult when the chips are down. In a recent case the court gave $72,980.67 (100% ) of son’s inheritance to his creditor, Community Bank of Elmhurst. The court said that […]

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Medicaid Eligibility For Seniors

By Elder Law attorney Rick Law of the Estate Planning Center at Law Elder Law in west suburban Chicagoland, IL. Let’s get a little more in-depth on the issue of Medicaid eligibility.  What assets “count” for Medicaid, and which are exempt or non-countable? For single individuals in Illinois, Medicaid considers that all assets that are classified […]

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Paying for Care

By Rick Law, Senior Advocate, Estate Planner, and Elder Law Attorney at Law Elder Law in Aurora, IL Seniors who do need long-term care can face enormous expenses if proper planning is not in place. The cost of receiving care, whether that care takes place in a facility or at home, continues to increase each […]

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Long Term Care Expenses

By Rick Law of Law Elder Law. Senior Advocates, Estate Planning, and Elder Law attorneys, in Aurora, Illinois. Those seniors who do need long-term care can face enormous expenses, unless this is properly planned for. And the cost of receiving care, whether that care takes place in a facility or at home, continues to increase […]

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Smoke in the Kitchen!

By Rick Law, Senior Partner, Law Elder Law LLP The distinctive benefit of elder law estate planning compared with traditional death-tax-centered estate planning is this: elder law estate planning deals with the biggest threat to seniors’ wealth and healthcare while they are still alive. This threat is staggeringly expensive, unreimbursed medical expenses. Every day at […]

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Giving Gifts Can Be Hazardous To Your Health!

By Rick Law of Law Elder Law, Estate Planning and Elder Law Attorney in Western Chicagoland It is no secret that senior citizens are the wealthiest segment of the U.S. population. Much has been written and said about the trillions of dollars that will “change generational hands” as the current seniors pass their wealth to […]

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Put A Tiger In Your Tank For The Retirement Ride

By Rick Law, J.D., Elder Law Attorney and Senior Advocate at Law Elder Law in Aurora, IL. One of the biggest challenges of planning for retirement is predicting longevity. People are living much longer than they did even just a few decades ago. In fact, 50 percent of men who turned 65 in 2010 will […]

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Medicare vs. Medicaid: Most Seniors (and Most People) Don’t Know the Difference!

We elder law estate planners often hear people talk about someone that they believe is receiving nursing home assistance from Medicare. In reality, it is Medicaid.  It is very important for seniors and their advisors to understand the difference between these programs. Created in 1965, the Medicare program was designed to “keep seniors from being […]

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Our Reviews

“We would be lost without Law Elder Law! We walked in their doors over a year ago feeling lost and confused. With a father/father-in-law suffering from Alzheimer’s, we were overwhelmed by the Medicaid process, selling his home, protecting the assets he worked for his entire life, and finding him a memory-care facility that we could trust as his new home. 

Law Elder Law helped with all of it! From the minute we walked out of our first meeting, we knew we (and he) were in good hands. We could not have possibly navigated all that had to be done without their expertise.”

A.M., Client of Law Hesselbaum and Law Elder Law