Elmhurst Elder Law Attorneys | Medicaid Planning Lawyers, Elmhurst, IL

Elmhurst Elder Law Attorneys | Medicaid Planning Lawyers, Elmhurst, IL

Our Elmhurst elder law attorneys are here to assist you in all of your senior planning needs. We take pride in our skill and commitment to excellent customer service. We are happy to assist you with elder planning, medicaid planning, and estate planning in a cost-effective manner.

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Elmhurst Elder Law Attorneys

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Elmhurst Elder Law Attorneys

What to Expect From a Consultation

The purpose of a free consultation is to determine whether our firm is a good fit for your legal needs. Although we often discuss expected results and costs, our attorneys do not give legal advice unless and until you choose to retain us. Although most consultations are complimentary, some may carry a charge depending on the type of matter and meeting location.

Please contact our friendly

Elmhurst Elder Law Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Elmhurst

110 E. Schiller Street, Ste. 200B
IL
60126
Elmhurst
Get Directions

See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.  ​​​

9 am - 5 pm Mon - Friday
After 5 pm by Appointment
11 am - 3pm Saturday & 11 am - 2 pm Sunday by Appointment

Some of Our Accomplishments

Naperville attorney
DuPage County Probate Attorney
Learn More About Our Firm
elmhurst estate planning attorney

Elmhurst Elder Law Attorneys

Kevin O'Flaherty oversees all legal matters and is actively involved in making sure every client's case, big or small, is handled with excellence and attention to detail. He is available to contact through phone and email and his rates are available upon request.

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Elmhurst Elder Law Attorneys

Elmhurst Elder Law Attorneys | Medicaid Planning Lawyers, Elmhurst, IL

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Allowable Transfers Within The Medicaid Look Back Period

In this article, our Elmhurst Medicaid planning attorneys explain assets that are transferable within the 5-year look-back period. You are allowed to make certain types of gifts that would not warrant a penalty waiting period for Medicaid. You may gift any assets to:

  • A spouse who is not seeking Medicaid
  • A child who is permanently disabled or blind, or a trust for that child's benefit
  • A trust for the executive benefit of anyone who is permanently disabled or under the age of 65

‍You may also transfer your home to anyone who is:

  • A child under the age of 21.
  • A "caretaker child" who has lived in your home for at least 2 years before you move to a nursing home.
  • A sibling who has ownership who has an ownership interest in the house who has lived in the home with you for 1 year prior to moving your moving to a nursing home.

Read the full article by our Elmhurst Medicaid lawyers explaining allowable transfer within the 5-year look-back period.

Illinois Medicaid Planning Explained

In this article, our Elmhurst elder law attorneys explain how to use life estates and irrevocable trusts to become eligible for Medicaid. While assisted living can be quite expensive, there are options to receive government assistance through Medicaid. In order to qualify, you must have less than $14,400.00 in countable resources. You may note that there is a 5-year look-back period. This is a way that they review the last 5 years to see if you have given any gifts, and if so,  you may be disqualified for a certain period of time from Medicaid depending on the size of the gift.

The way to safely give gifts without being penalized in the 5-year look back period is to use life estate deeds and irrevocable trusts. This will allow you pass on your assets to your loved ones while also avoiding the Medicaid lien.

Read the full article by our Elmhurst senior planning attorneys explaining Medicaid planning. 

Our Elmhurst attorneys explain estate tax and discuss some tools used to avoid it or minimize it in this episodes of Learn About Law.

in this Learn About Law episode, Elmhurst elder law attorney Kevin O'Flaherty explains the 8 goals of a good estate plan.

Further Reading From Our 

Elmhurst Elder Law Attorneys