Elder Law

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Don't Go Long-Term Alone (English Version)

There are a lot of different options for long-term care, as you can see from this book. Each comes with its own unique pros and cons. One of those is the cost of the care. Assisted living can range from the low $2,000’s all the way up to $6,000+ per month. Memory care usually starts in the high $4,0...

Views: 70




Drawing Social Security Early and Still Working?

Many people decide to ‘semi-retire’ early and start taking their Social Security benefit at the earliest age possible. It’s appealing to be able to work part-time or where you have an interest or start a small business while making an income and receive Social Security retirement benefits. While early...

Views: 448

Everyone Needs an Estate Plan

Everyone has an estate plan – either the one you create yourself or the one the state of Illinois creates for you under state law. Without a written plan, you may have added expenses of probate, minor guardianship for children, or adult guardianship for yourself (if you become disabled). Estate planning should...

Views: 444

Common Estate Planning Mistakes

Here are the top ten estate planning mistakes that I continue to see. Hopefully this will help you avoid the same mistakes. One: Not realizing there are multiple ways to jointly own real estate and not all of them transfer the property to the surviving owner without probate. Two: Adding a co-owner...

Views: 935

Why Would I Consider a Trust for my Estate Planning?

There are times when a trust might be an option in your estate planning instead of or in addition to a will. So why should you consider a trust? Trusts are useful estate planning tools that can accomplish a variety of goals. They can help avoid probate, minimize taxes, and be used to give property to...

Views: 82

SBB University presents: Home? A Retirement Community? What is the Best Option for Me?

It is important that everyone think ahead and to consider where and how you might like to age.Join SBB University and our panel of experts as we arm you with knowledge on how to evaluate your living situation and make a plan while you are still healthy. Topics of discussion at this informative event...

Views: 587

Trust Planning Completes Your Estate Portfolio

Wills and powers of attorney make up a simple estate plan. When your needs and wishes require more detailed instructions, adding a trust to your plan allows you to specifically direct where your assets go and how those assets can be used when you pass away. A properly funded trust keeps your wishes private,...

Views: 76

To Gift or Not to Gift…?

When someone is thinking of how to get Long Term Care help for parents or their spouse, one reaction is to disburse assets so they can apply for Medicaid.  What many people do not realize is that by disbursing assets, they may jeopardize the in-need person’s immediate eligibility for assistance by causing...

Views: 159

Sudden Illness - Are You Prepared?

COVID - the very acronym sparks a host of emotions: fear, frustration, uncertainty, worry, and more.  Whatever feelings you may have about the situation, there’s no denying that it has caused many people to recognize their mortality.  This has resulted in increasing numbers of Americans getting their...

Views: 241

Your Retirement Nest Egg- A Carton Full of Options

Many people refer to their retirement savings as a “nest egg,” but in theory, it should be made up of many sources of retirement income - many eggs. Even if Social Security and a company retirement plan were their only retirement savings sources, likely they haven’t thought about their withdrawal strategy....

Views: 513

Stay Savvy Against COVID-19 Scams

COVID-19 has created a “perfect storm” for scammers to take advantage of ongoing confusion surrounding the situation and people in need.   Better Business Bureau (BBB) research has found that people who are living alone or those feeling isolated from others are more likely to engage with and lose money...

Views: 124

Protecting Your Savings After a Nursing Home Admission

If you have a spouse or parent in a nursing home, you should read this article.  Everyone knows that nursing homes are expensive.   However, you likely don’t know the techniques that are available to protect your family’s savings.  It is sometimes possible to gain Medicaid eligibility, even if you’ve...

Views: 1420

SBB University presents "Caregiving Resources & Support"

Doing it all for someone you love can be beautiful and fulfilling, but it can also cause fatigue. As America’s population ages and the number of those with severe health issues increases, more family caregivers find themselves in similar situations, especially during the pandemic. Join SBB University...

Views: 603

Seniors BlueBook Senior Care Spotlight Presents "How to Not Become a Homeless Senior!!"

We visited with Jeff Bellomo of Bellomo & Associates and explored how not to become a homeless senior! How do you protect your home and yet be prepared? Are there tax advantages? Jeff Bellomo, Bellomo & Associates, 717-845-5390, www.bellomoassociates.com. More questions? Ask Chris Gartman, Publisher,...

Views: 698
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