In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses what happens to the Medicaid eligibility of a person who is in a nursing home if they receive an inheritance and offers the best planning opportunities for that situation. ? Does Receiving an Inheritance Mess Up Medicaid Eligibility? Transcript: Hi, I’m Wes Coulson […]
Providing For Special Needs Grandchildren in an Estate Plan
Planning for special needs grandchildren, or other relative other than your own child, in your estate plan is a great way to help provide for their future once you are gone. However, it needs to be done the right way. People with special needs are often dependent, either now or later in life, on government assistance […]
Common Estate Planning Mistake #13: Failing to make proper provisions for special needs family members
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, […]
Don’t Disinherit a Special Needs Child
One of the unfortunate decisions that parents of a special needs child sometimes make when estate planning is one to “disinherit” that child, either by not leaving them a share because they couldn’t handle it, or by leaving their share to a sibling to take care of for them. Either situation has its potential downfalls. In […]
Stand-Alone Special Needs Trusts
In this Elder Law Minute, Wes Coulson explains why a stand-alone special needs trust is a favorable option to consider when planning for the future of your special needs child. Stand-Alone Special Needs Trust Transcript: Hi, I’m Wes Coulson and this is your Elder Law Minute. If you’re the parent of a special needs child, […]
