An Eldersmart Guide to Irrevocable Trusts for Illinois Residents: An irrevocable trust is a legally binding agreement where the grantor permanently gives up ownership and control of assets—such as property, investments, or life insurance—by transferring them into a trust. Once established, the terms of the trust...
Avoid Losing Your Life Savings to Nursing Home Costs: In Illinois, long-term care can cost over $80,000 per year—and Medicaid is the only safety net for most families. But qualifying isn't simple. Between income limits, asset rules, and a strict 5-year look-back period, one wrong move...
Why Medicaid Planning with an Elder Law Attorney Matters in Illinois: Long-term care (LTC) ranks among the biggest and most underestimated expenses of retirement. In Cook County, the median monthly cost of a nursing home bed is about $5,834 for a semi-private room. These costs can...
What Is Elder Law in Illinois? Elder law in Illinois is a legal practice area that focuses on the specific needs of older adults and their families. It covers a wide range of issues — including estate planning, wills, trusts, long-term care planning, guardianship, Medicaid eligibility,...
Planning for the future isn’t always easy, especially when health, finances, and legal decisions are all tangled up. That’s where elder law attorneys come in. They help older adults and their families navigate complex decisions, protect assets, and stay in control of their future. If you’ve...