Exploring Elder Law
Thousands of Americans reach retirement age every single day. You yourself may have already reached retirement, or maybe you can see this triumphant accomplishment approaching on the horizon. Whatever the case, there are special considerations that must be made for this golden time of your life.
Elder law is any legal practice or action having to do with the later years of your life. For example, setting up Healthcare Advance Directives allow you to dictate how you will receive care should you come to need it. Special estate planning updates may also need to take place to shift your assets in order to best pay for long-term care like a nursing home.
Preparing the road ahead for yourself, an aging spouse, parent, or loved one can be an emotional time. As a long-time lawyer, Kevin P. Camden and his team have unique insights into planning the future of you and your loved ones.
This growing population of the elderly – and what an exciting advantage that is for our society, to extend our living years – has special and specific legal needs. This includes the creation of wills and trusts if you haven’t already done so through general estate planning, setting up powers of attorney documents, and even establishing legal guardianships. We assist with powers of attorney and advanced directives that allow you to make decisions for your medical care, saving family members from these decisions on your behalf. The Camden Law Office can represent clients in all stages of planning for elder care; we can review all available assets to compile a strategic plan for your unique circumstance.
At Camden Law Office LCC, we can help guide and support seniors (and your families) with your specific needs. Contact us today to tailor a plan to your needs and establish peace of mind.
Understanding Medicaid Options
Medicaid is a federal program that helps people to pay for the high costs of long-term care. At an average cost of over $8,000 per month, long-term care can exhaust all of your nest egg in a very short time.
In order to be eligible for Medicaid in Illinois, you can only retain property valued up to a specific amount. Your property must be properly protected in order for your Medicaid application to be approved and reduce the risk of receiving a penalty. Navigating the complicated process of properly protecting your property and gathering the necessary documentation can be overwhelming.
Medicaid is partially funded through the federal government, but in the end, each state has the final say in the rules and eligibility of the program. This means that for every state in the U.S. there can be different eligibility requirements for people in need of healthcare coverage. Having an attorney familiar with Illinois specific eligibility will help you qualify for assistance with the high cost of long-term care without losing all you’ve worked to achieve.
At Camden Law, we can help protect the assets your loved ones need to be moved to a nursing home or other elder care option. Call us today and find out how you can protect and preserve the future for your loved ones.
Please contact Camden Law for a consultation so that we can share with you our elder law services and background.