There is a trend forming, small increases in social security and larger increases in healthcare costs, that really threatens the retirement security of people who are relying only on social security as a source of income and support in retirement years. In 2017, Social Security benefits will be increasing by 0.7 percent, however, we are […]
Common Estate Planning Mistake #14: Failing to account for the possibility of outliving your named beneficiaries
We see a lot of situations in which people who are developing an Estate Plan have the idea, “Okay, I want it to go to my children in equal shares.” This sounds like a simple, reasonable and fair request. But, potential problems can arise when they haven’t addressed, “Well, what happens if you outlive one of […]
The Difference Between Medicare and Medicaid
Medicare and Medicaid are government insurance programs designed to help cover healthcare costs. But, while these two programs may sound similar, they are very different indeed. In this Elder Law Minute video, Wes Coulson, Illinois Elder Law attorney, clears up some common confusion as he explains the difference between Medicare and Medicaid. The Difference Between Medicare and Medicaid […]
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Arbitration Clauses in Nursing Home Admission Contracts: New Rule Nov. 28, legal challenge
Arbitration clauses are common in nursing home admission contracts. However the government announced a new regulation, which is scheduled to take place on Nov. 28, 2016, declaring in most situations these arbitration clauses will be unenforceable. In this Elder Law Minute video, Wes Coulson, Illinois Elder Law attorney, discusses the new rule taking effect Nov. 28, the legal […]
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