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

Long-Term Care Planning

Estate and Trust Administration
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October 26, 2015

Court Approves Use of Short-Term Annuities for Medicaid Planning

A lesson learned in Pennsylvania declares immediate annuities must still meet a number of stringent requirements to be accepted as legitimate by Medicaid authorities. Families considering them should get help from a qualified elder law attorney, such as Linda Strohschein and her team at Strohschein Law Group. This is an FYI for you to think about what long term care planning can put in place for you before you transfer assets to afford it. Call us today (630) 377-3241

Estate and Trust Administration
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October 19, 2015

Incentives to Keep Working While You Collect Social Security

In general, it is better to wait as long as possible before taking Social Security benefits, but sometimes it is necessary to start taking benefits early. However, if you are able to continue working while receiving benefits, you may be able to increase your overall benefit. For more information on how work affects Social Security call Strohschein Law Group. We help clients everyday plan for the future. (630) 377-3241

Estate and Trust Administration
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October 12, 2015

Woman’s Efforts to Change Will Without Professional Assistance Backfire

Just as making a will without the help of a qualified attorney can be dangerous, trying to change an existing will on your own can fail as well. A recent court decision in Minnesota serves as a cautionary reminder to anyone thinking of altering their estate plan on their own. Strohschein Law Group is here to protect what matters and just a phone call away to save you money and potential heart ache.

Estate and Trust Administration
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October 5, 2015

Incentive Trusts: Ensuring That an Inheritance Will Be Well Spent

Many parents or grandparents with sizable amounts of money to pass on to their heirs are apprehensive about the effect it may have on their children or grandchildren. In some instances, they fear that the recipients will misspend the funds on drugs, fancy cars or failing businesses. In other cases, the fear is simply that their children will lose their drive to achieve and overcome barriers that may present themselves if there’s no financial necessity to do so. But some parents set up what are known as “incentive trusts,” which get very specific in their instructions to trustees to ensure that the trust funds support what the trust’s creators view as positive behavior and discourage unproductive activities. Read more…

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 14, 2015

How to Protect Your Deceased Loved Ones From Identity Theft

One way that identity thieves find victims is by looking through obituaries. When writing your loved one’s obituary, try to avoid information that might be useful to identity thieves such as date of birth, mother’s maiden name, or the decedent’s address. Think about what information someone would need to open a bank account and avoid including that in the obituary.

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.

Estate and Trust Administration
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August 31, 2015

Do You Need a Lawyer to Write a Will?

Linda Strohschein, your local Certified Elder Law Attorney, will meet with you to create strategy and offer resources to avoid problems that drag out your estate administration and cost money and create headaches for your heirs. Call us today at 630-377-3241

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