Parents with adult special needs children may have put a plan in place to make sure their special needs children are taken care of after they pass away, but they may not have addressed the critical question: “Is there going to be any money left to provide for my adult special needs child after I […]
Health Costs May Gobble Up Social Security Benefits
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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