Special Needs family members require and deserve special provisions made for them in a family estate plan. Unfortunately, it is very common for people to either make provisions for them in an incorrect or incomplete way, or worse yet, not provide for them at all. In this Estate Planning Minute, Wes Coulson, Illinois Elder Law attorney, […]
See a Lawyer First: Potential problems can be addressed before a Medicaid application is filed
Seeing a lawyer before a Medicaid application is filed will help in pinpointing problems that can potentially cause a delay in eligibility. Once issues are identified, a lawyer can also help in resolving them to either make them go away completely or, at least, to minimize them. If potential problems are addressed before the Medicaid application […]
Common Estate Planning Mistake #12: Failing to fund a Living Trust
Unfortunately, all too often, the common mistake we see in estate planning is the failure to fund a living trust. Funding is the step in transferring ownership of assets into the living trust. It’s not enough to simply have a living trust, if you fail to fund a living trust you risk losing those assets. In this Estate […]
Living in Limbo: What to do and pay for while the Medicaid application is pending
The Medicaid application is complete, signed, sealed and delivered. So, what do you do now? In some instances, a Medicaid application may remain pending for as long as a year or longer. During this time, what do you do and what do you pay for? In this Elder Law Minute video, part of the Medicaid Application […]
What is a Transfer of Assets?
With the Medicaid look-back rule in mind, one thing to pay attention to is any transfer of assets you may have done within the last five-year period. But, what exactly is a transfer of assets? In this Elder Law Minute video, part of the Medicaid Application Process series, Wes Coulson, Illinois and Missouri Elder Law attorney, […]
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