Access to affordable healthcare is a hot topic across the nation these days. If you are fortunate enough to have good employer sponsored health insurance right now, don’t make the mistake of becoming complacent. Once you reach your retirement years, everything changes with regard to healthcare. Like most seniors you may be looking forward to relying on Medicare to cover most healthcare needs; however, Medicare doesn’t cover everything. Specifically, Medicare won’t cover long-term care expenses. Consequently, you may need to qualify for Medicaid. Living trusts can help you do that. Specifically, creating a Medicaid trust now, as part of an [Read more…] The post How Living Trusts Can Help Ensure Continued Access to Medical Care appeared first on Hedeker Law.
Creating a well thought out estate plan is one of the best gifts you can give to yourself and to your loved ones. If you are new to estate planning, however, it is easy to make a mistake. In an effort to prevent you from making one of those mistakes, the Lincolnshire estate planning attorneys at Hedeker Law. Ltd. discuss the top estate planning mistakes. Waiting Too Long to Start Planning One of the biggest misconceptions when it comes to the need for estate planning is the idea that you need to reach a certain point in your life or [Read more…] The post Top Estate Planning Mistakes appeared first on Hedeker Law.
A comprehensive estate plan will incorporate numerous estate planning tools and strategies into the overall plan. One of the most popular additions to a well thought out estate plan is a trust. If you choose to include a trust in your estate plan, you will need to decide who to trust with your trust administration. Choosing your Trustee is something you should do with care after giving the matter plenty of thought given the importance of the Trustee to the overall success of your trust. What Type of Trust Are You Creating? At its most basic, a trust is a [Read more…] The post Who Should You Trust with Trust Administration? appeared first on Hedeker Law.
Ultimately, the success, or failure, of your estate plan won’t be clear until it comes time to probate your estate. Creating a successful estate plan requires you to consider a wide range of inter-related goals and objectives. One of those is the impact federal (and sometimes state) gift and estate taxes will have on your estate. Failing to factor in estate taxes when creating your estate plan could result in a significant tax obligation that must be paid when your estate goes through the probate process. The Lincolnshire probate attorneys at Hedeker Law, Ltd. help you decide if your estate [Read more…] The post Lincolnshire Probate Attorneys Help You Decide If Your Estate Will Be Taxed appeared first on Hedeker Law.
Sadly, seniors often make excellent victims for unscrupulous scam artists. To help protect our nation’s seniors, the United States Department of Justice has published a report entitled “Fighting Fraud – Senate Aging Committee Identified Top 10 Scams Targeting Our Nation’s Senior’s.” Below are summaries of those ten scams. IRS Impersonation Scam –While there are multiple variations of the IRS impersonation scam, criminals generally accuse victims of owing back taxes and penalties. They then threaten retaliation, such as home foreclosure, arrest, and in some cases, deportation, if immediate payment is not made by a certified check, credit card, electronic wire transfer, [Read more…] The post DOJ Warns Seniors about 10 Common Financial Scams appeared first on Hedeker Law.
As the population of older Americans continues to grow at a historic rate, issues that impact the elderly are now taking center stage in the American conscious. One of the most worrisome of those issues is the Alzheimer’s crisis. The prevalence of Alzheimer’s disease appears to be increasing right along with the increase in seniors in America. Whether you are nearing your “Golden Years” yourself, or you have a loved one who is, you undoubtedly want to know the latest on the Alzheimer’s crisis in America. What Is Alzheimer’s Disease? According to the Alzheimer’s Foundation of America (AFA), Alzheimer s disease [Read more…] The post The Latest on the Alzheimer s Crisis in America appeared first on Hedeker Law.
If you are the parent of a child with special needs, you need to address your child’s needs in your estate plan to ensure that he or she is well protected both during your lifetime and after you are gone. The Waukegan special needs planning attorneys at Hedeker Law, Ltd. understand the unique estate planning concerns that the parent’s of a child with special needs face. By including a special needs planning component in your comprehensive estate plan now you can address each of those concerns in a way that provides much needed legal and financial protection for your child. [Read more…] The post Waukegan Special Needs Planning Concerns appeared first on Hedeker Law.