At Wilson & Wilson Estate Planning & Elder Law, we understand the unique challenges facing seniors and the disabled. Our experienced attorneys specialize in helping our clients protect their hard-earned assets, plan for their future care, and navigate the complex legal system.
We offer a wide range of Medicaid and elder law services for Illinois residents, including:
As Deerfield and LaGrange Medicaid, elder law, and disabled law attorneys, we’re committed to providing our clients with compassionate and personalized service. We’ll work with you to understand your unique needs and develop the right plan for your future. Call Wilson & Wilson Estate Planning & Elder Law LLC today to schedule a consultation and learn more about how we can help you protect your assets and preserve your well-being. Contact us online or call our LaGrange office at (708) 482-7090 or our Deerfield office at (847) 656-8958.
The average cost of basic nursing home care in the Chicagoland area is now $10,000 per month, and that figure doesn’t include any additional services that may be necessary. This kind of expenditure can quickly deplete even a healthy amount of lifetime savings.
Medicaid’s Long-Term Care program is a lifeline for many families who can’t afford the high cost of nursing home care, but they do have to meet eligibility requirements for both income and assets. Medicaid asset protection planning is a legal process that can help individuals preserve their wealth while still maintaining their Medicaid eligibility.
Asset protection planning involves reallocating assets that would otherwise be spent on nursing home care to exempt assets, such as a family home, pre-paid funeral arrangements, burial plots, or an irrevocable trust. There are a variety of legal strategies for these reallocations, such as gifting, trusts, and annuities.
If you’re concerned about the cost of nursing home care in Illinois, Medicaid asset protection planning is worth looking into. This legal process can help you preserve your wealth while still maintaining your Medicaid eligibility.
Contact our experienced Medicaid asset protection attorneys in Deerfield and LaGrange to learn more about protecting your assets and ensuring you have the care you need in your later years. To learn more, contact us online or call our LaGrange office at (708) 482-7090 or our Deerfield office at (847) 656-8958.
We understand that choosing a long-term care facility is a major decision, and we’re here to help you every step of the way. We’ll review the contract of any facility you’re considering to ensure that you understand your rights and responsibilities. We’ll also help you assess the pros and cons of using caregiver agencies versus contracting with caregivers directly.
If you’re able to stay at home, our LaGrange and Deerfield elder care lawyers can help you develop strategies to age in place. This may include real estate tax exemptions and deferrals, as well as the use of special rules regarding family members who provide care. No matter what your situation is, we’re here to help you make the best decisions for your future. Contact us today for a consultation.
To arrange your initial consultation with Wilson & Wilson for comprehensive legal representation, call today.