In this article, our Downers Grove Medicaid planning attorneys explain how to plan for long-term care in Illinois.
Long-term care can be incredibly costly. Many people rely on Medicaid benefits to cover the cost of long-term care. However, in order to be eligible for Medicaid, you must have already "spent down" the majority of your own assets. Our Downers Grove elder law attorneys explain how to use life estate deeds and irrevocable trusts to keep your most important assets in your family while becoming eligible for Medicaid. We explain the 5-year look back period prior to filing for Medicaid during which transfers are scrutinized and may result in a delay in your eligibility for Medicaid benefits.