Aug 10, 2023 | Blog, Government Programs, Illinois, Special Needs Trusts
Under current law, Illinois generally must pursue Medicaid estate recovery from the estates of Medicaid recipients. As a result, when the Medicaid beneficiary passes away, the state of Illinois typically will pursue the beneficiary’s assets for repayment of the...
Jul 24, 2023 | Special Needs Trusts
Families with children who have special needs often must make significant decisions throughout their lifetimes. One such decision involves choosing a qualified attorney to assist them with their special needs planning for their child, which often includes creating...
May 27, 2023 | ABLE Accounts, Resources, Social Security, Special Needs Trusts
Supporting children with special needs typically goes far beyond age 18 and often is a lifelong commitment. Children with special needs may also have more financial needs than other children, especially if they have complex medical problems or require a high level of...
May 7, 2023 | Social Security, Special Needs Trusts
A special needs trust is often the best way for parents to plan for the future care of a child. The proceeds of a special needs trust can help pay for items and services that government assistance doesn’t cover, like transportation, computer equipment, and...
Apr 13, 2023 | Special Needs Trusts
Many parents who have a child with special needs establish a special needs trust to plan for their future. The proceeds of a special needs trust can help pay for things for that child that government assistance doesn’t cover, such as transportation and education, as...
Apr 11, 2023 | Blog, Special Needs Trusts
A Third Party Special Needs Trust is a common mechanism that parents use as a repository for any inheritance their child with special needs will receive after their death or for gifts from another family member. By creating a special needs trust, they can ensure that...
