630-377-3241 455 Dunham Road, Suite 200, St. Charles, IL 60174

Guardianship

Care Coordination
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September 28, 2015

Who Will Inherit Whitney Houston’s Fortune Following Bobbi Kristina’s Death — and What Are the Lessons?

As it turned out, Houston may have given Bobbi Kristina more money than she could cope with at such a young age. The trustees of the trust – Bobbi’s aunt and grandmother – certainly thought so because they filed court papers to change the will to delay the windfall to Bobbi Kristina, but the trustees later withdrew the request, no doubt realizing that courts invariably follow the terms of a will. But we’ve seen worse. At least Houston did have a plan that didn’t give everything to Bobbi, even though $2 million at age 21 was probably too much. The morals of the story are to update your estate plan when life changes happen and to think long and hard about what effect inherited money will have on a child and on those close to her.

Care Coordination
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September 21, 2015

Know Your Options Before Signing Up for Medicare

As you get ready to turn 65, you may be inundated with information about Medicare. All this information is confusing, but it is important to do your research before choosing your plan. If you aren’t fully informed, you could end up making mistakes that will cost you down the road, particularly when it comes to how “Medicare Advantage” and “Medigap” plans interact.

Care Coordination
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September 7, 2015

Obama Signs Law Requiring Hospitals to Warn of Costly Medicare Loophole

President Obama has signed a new law intended to prevent Medicare beneficiaries from spending days in a hospital only to find that they hadn’t been admitted to the hospital at all – they were only under “observation.” This is important because Medicare covers nursing home stays entirely for the first 20 days, but only if the patient was first admitted to a hospital as an inpatient for at least three days.

Care Coordination
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August 24, 2015

Nearing 65 and in a Marketplace Plan? Medicare Is Almost Always Your Best Bet

Are you approaching age 65 and currently covered by a marketplace health care plan under the Affordable Care Act (aka “Obamacare”)? If so, you should think carefully about your options. While it’s possible to keep or renew your marketplace plan once you become eligible for Medicare, there could be steep costs for doing so, and switching to Medicare is viewed as the best option in virtually all cases.

Care Coordination
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July 27, 2015

Married Three Times, Am I Entitled to Social Security Benefits From Any of My Husbands?

Strohschein Law Group hosts lunch and learns in-house every quarter. Coming up on Tuesday, October 20th Linda Strohschein will be presenting on this very topic “Social Security Benefits.” She will explain your options if you are teetering on taking benefits at the age of 62 or waiting until retirement age, as well as spousal benefits. Find out how to maximize your lifetime benefits.

Care Coordination
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May 26, 2015

Decisions to Make for Your Power of Attorney

Executing a power of attorney is not as simple as it first seems. It is important to have a qualified elder law attorney help you. The team at Strohschein Law Group offers the quality, compassion and experience required to help you, or a loved one, put your personal affairs in order.

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