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

Care Coordination

July 7, 2015

Don’t Forget About Deducting Your Long-Term Care Insurance Premiums

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.

Care Coordination

March 5, 2015

Mom Needs to Move Closer? Time to Protect Her Assets

The cost of long term care is more than just financial. Our aging loved ones face the challenge of change and the caregivers add more to their plate of responsibility. To lessen financial and emotional stress, Strohschein Law Group can help you maximize private assets, increase access to public benefits, and ultimately enhance quality of life for everyone involved. We can help, we do this everyday for our clients.

Estate and Trust Administration

November 7, 2014

Social Security Benefits to Inch Up 1.7 Percent in 2015

The nation's elderly and disabled Social Security recipients will receive a 1.7 percent increase in payments in 2015.

Estate and Trust Administration

February 11, 2014

New Rules Make It More Difficult to Get a Reverse Mortgage

The new rules are an effort to strengthen the federal Home Equity Conversion Mortgage (HECM) program, which insures almost all reverse mortgages and which has seen default rates rise.

Estate Planning

August 6, 2012

Powers of Attorney – Important as a Will (and Maybe More)

A will serves as the basis of your estate plan. Most people understand the importance of having a will. However, a will is a document that becomes effective when you die. What happens if during your lifetime you become disabled…

Long-Term Care Planning

May 10, 2012

Families Hoping to Use Medicaid to Help Pay for Long-Term Care

Families hoping to use Medicaid to help pay for long-term care are facing tougher restrictions—though some states are getting stricter than others.

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