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
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.
Linda Strohschein says, “Failing to plan, is a plan to fail.” Planning ahead through the use of a Trust can be complicated, but the time and effort to do them right are more than worth it. With proper planning, you will be confident that you’ve taken the best steps possible to protect what matters the most – your loved ones and your family’s financial security. Call Strohschein Law Group today, 630-377-3241
Often items of little monetary value have great emotional significance. This can make distribution difficult when more than one person feels attached to a particular item. The process can also become the venue for playing out old family insecurities and grievances. Everyone may revert to the relationships they had as teenagers.
Dealing with creditor claims can be complicated. If you make mistakes as executor, it can lead to you being personally liable. It is important to get an attorney like Linda Strohschein. Linda, along with Strohschein Law Group’s associate attorneys help families everyday to ensure estate administration is a process and not a hassle. Call us today at 630-377-3241.
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.
It is important not to rush, but rather to read. If possible, have Linda Strohschein review the agreement before signing it because it could contain illegal or misleading provisions.
If you are in the hospital, the last thing you want is for a family member or a trusted friend to be denied information about your condition or prognosis. But this could happen if you haven’t already given authorization about who can receive details of your medical condition.
One of the incentives to buying a long-term care insurance policy is that the premiums are tax deductible. Unfortunately, many people are not taking advantage of this deduction.
For a variety of reasons, people sometimes want some or all of their assets to pass directly to specific individuals upon their deaths, outside of probate. One way to accomplish this is to set up a “payable on death” (POD) account for money in a bank account or a “transfer on death” (TOD) account if funds are in a brokerage account.