DuPage Elder Law Attorneys | Medicaid Planning Lawyers, DuPage County

Our DuPage County elder law attorneys discuss in the following article the main goals every estate must consider to establish a great estate plan for your family. 

Tools that can be used to accomplish some of these goals are:

• Using revocable living trusts to ensure your estate doesn't require costly probate court.
• Using trusts and wills to appoint executors and trustees to protect, manage and distribute your assets according to your wishes.
• Using healthcare property powers and powers of attorney to ensure guardian proceedings won't be necessary if you become mentally incompetent.
• Using a living will to make end-of-life decisions.                

We also discuss several more specialized goals, such as:

• Avoiding estate taxes
• Planning in the event a loved one with special needs

Protecting your assets from creditors and planning for long-term care. At O'Flaherty Law, we know that no estate plan is the same and must be tailored to each individual with their specific needs taken care of, we work with each client to create the best plan that eliminates stress and worry.

You can read the full article by our DuPage County elder law attorneys about what having a great estate plan can accomplish for you and your family.  

If a person becomes mentally incompetent through disease, injury or old age, their immediate family can't simply take over the management of their major life decisions or financial affairs. In this article, our DuPage County elder law attorneys explain how Powers of Attorney (POA) can help avoid the costly and time consuming process of guardianship proceedings by directly stipulating who will handle the affairs in case of incapacity or disability.

Read the full article by our DuPage County elder law attorneys about how guardianship proceedings can be avoided by using Powers of Attorneys.

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In this article, our DuPage County elder law attorneys discuss how trusts are used in order to prevent probate proceedings.

Probate matters see the courts distributing assets of a deceased individuals' estate to heirs and creditors. Probate proceedings are a long and costly process and can be avoided by implementing a revocable living trust that transfers money and other estate assets to it during a lifetime.  The revocable living trust is a legal entity that owns the assets and property during the creator's lifetime. That creator has control of it while they are alive and can stipulate what happens to those assets upon their death.

‍Read the full article by our DuPage County elder law attorneys about what having a great estate plan can accomplish for you and your family.  

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