Medicaid is a program that helps with health care costs for individuals with limited income and resources. The program also helps the elderly with certain costs that are not usually covered by Medicare such as assisted living, nursing home, or in-home care.  

For the elderly to be eligible, they must have limited assets and income. In this article, our Lincoln Park senior planning attorneys outline Medicaid eligibility and requirements and explain the Medicaid look-back period.

‍Read more about Lincoln Park Medicaid eligibility requirements and how to plan for long-term care using Medicaid in Lincoln Park from our Lincoln Park elder law attorneys. 

If an individual becomes mentally incompetent due to disease, injury or old age, their immediate family can not simply take over the management of their major life decisions or financial affairs without Powers of Attorney.

In this article, our Lincoln Park elder law attorneys uncover how Powers of Attorney can help people avoid the costly and time consuming process of guardianship proceedings by designating who will handle the affairs of an individual in case of incapacity or disability.

Read the full article by our Lincoln Park elder law attorneys about how Chicago guardianship proceedings can be avoided by using Powers of Attorneys for Lincoln Park estate plans.

‍

In this article, our Lincoln Park elder law attorneys unravel how trusts are used in order to prevent Chicago probate proceedings. In probate proceedings, the courts distribute the assets of a deceased individuals' estate to heirs and creditors. The proceedings are a long and costly process that can be avoided by implementing a revocable living trust and transferring money and other estate assets to it during one's lifetime.

The revocable living trust is a legal entity that owns the assets and property of the trust's creator during their lifetime. The creator of the trust has control of it during their lifetime and can also stipulate what happens to the assets in the trust once that individual is no longer living.

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