Our Tinley Park Elder Law and Medicaid planning attorneys have the experience to offer you affordable and comprehensive senior planning. We'll give you peace of mind preparing your financial matters to meet your family's needs.
Please contact our friendly
Tinley Park Elder Law Attorneys
at our nearest location to schedule a free consultation:
See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.
"Kevin and his firm, O'Flaherty Law, are friendly, efficient, knowledgeable and professional. Kevin is a master at bringing people together and sharing ideas."
"Kevin O'Flaherty and his team at O'Flaherty Law are among the friendliest and easiest to work with attorneys I've dealt with. I would suggest them to any friends or business associates."
Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!
An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.
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.
Tinley Park senior planning attorney, Kevin O'Flaherty, explains what a good estate plan can accomplish for you and your loved ones.
In this article, our Tinley Park Medicaid attorneys discuss life estate deeds and irrevocable trusts. Their use allows yourself to be eligible for Medicaid assistance with long-term care without drawing down your assets. We also discuss irrevocable trusts and how they are used to prevent Medicaid from seizing assets upon your death if Medicaid pays for your long-term care. Since Medicaid requires your assets to be spent to be eligible for long term care assistance, this information can be invaluable to protect assets for your loved ones. The Medicaid 5-Year Look Back Period is explained, which delays eligibility for Medicaid when you transfer certain assets to your family members. We compare life estate deeds and revocable living trusts as Medicaid planning tools and ensure you know the choices that are right for you and your loved ones.
Tinley Park elder law attorney Kevin O'Flaherty explains how to select your attorney for senior planning.
Our Tinley Park elder law attorneys discuss transfers that don't incur Medicaid penalties. Transfers for less than market value won't result in a Medicaid penalty if they occur within Medicaid's 5 year look back period. Transfers include those to a spouse or trust that benefits an individual with a disability. Different rules are discussed for transferring your residence, including transfers to a child that is under 21 or a "caretaker child." Knowledge about transfers and rules that govern them helps you maneuver through the regulations of Medicaid when making financial decisions.
Tinley Park elder law attorney, Kevin O'Flaherty, discusses how to use revocable living trusts to prevent costly and time-consuming probate cases at your passing.
Our Tinley Park elder law attorneys explain several goals to consider to establish a good estate plan and what it can accomplish for your family. Tools that we use to accomplish these goals are discussed that apply to nearly everyone.
Also discuss several more specialized goals, such as: