Chicago Nursing Home Planning Lawyers
As beneficial as long-term care facilities such as nursing homes can be for elderly individuals, they are also notoriously costly. Accordingly, it is important to address nursing home care as you plan your estate so that your family members are not left scrambling to figure out how to pay for your nursing home expenses on their own. At Peck Ritchey, LLC, our Chicago nursing home planning lawyers are prepared to help you anticipate the critical financial situation surrounding future nursing home care. As you begin to plan your estate and address all of the financial and logistical questions that come with it, you will need a legal team that will help you find the best ways of securing your own future, as well as that of your loved ones. Creating a plan to manage your nursing home expenses will help alleviate financial uncertainties and burdens for you and your family down the road.
The Chicago nursing home planning lawyers of Peck Ritchey, LLC can leverage extensive experience and creativity to help you craft a plan that will ensure financial stability while taking care of you and your family’s needs. Contact one of our legal professionals at (855) 328-5787 to discuss your needs today. We offer free consultations, so you can explore your options before agreeing to anything.
Why should I hire a nursing home planning attorney?
Though a nursing home residency might feel like a thing of the distant future, it is important to get the details ironed out early. It is possible that by the time you are ready to be admitted to a nursing home, you will no longer be able to work out the financial and logistical details of your stay. Nursing homes can be expensive, and there are many decisions to make regarding which nursing home and what kind of care you want to receive. By working with an attorney to create a nursing home plan, you can reclaim autonomy of your future and ensure that your loved ones are not burdened with the cost.
While you can try to create your own plans, the rigid rules and regulations these documents require can render your plan invalid. Furthermore, understanding all the aspects that might apply to your nursing home plan is complicated. You will likely have to understand your Medicare and Medicaid eligibility, how trusts function in the nursing home planning process, and how powers of attorney function in nursing home planning.
Instead of trying to wade through all of these complicated details on your own, hire an estate planning lawyer to help. They can ensure that your plan accurately reflects all your wishes and is legally sound. With a lawyer’s help, you can take every aspect of nursing home planning into account and make a plan that will protect your family and your future.
Why choose Peck Ritchey, LLC?
If you are creating a nursing home plan in Chicago, you need Peck Ritchey, LLC on your side. We have over 100 years of experience in elder law, including nursing home planning. We are a highly decorated firm, having earned numerous accolades, including a perfect 10 score on Avvo and being named Super Lawyers every year since 2006. Our lawyers are dedicated to improving elder law and care, having drafted numerous pieces of legislation for the Illinois General Assembly regarding elder abuse. We handle cases in Cook, Lake, Kane, and DuPage counties in order to serve as broad an audience as possible. When it comes to planning for your future, trust the law firm that makes elder law its number one priority. Trust Peck Ritchey, LLC.
Nursing Home Planning with an Attorney
Our Chicago legal team possesses the experience and resources you need to make informed financial and legal decisions about nursing home care as you plan your estate. We can help you explore your options in order to develop an individualized plan that addresses, for instance, the following:
- Medicare and Medicaid Eligibility: Many older Americans accumulate money and assets throughout their lives, preventing them from collecting medicare and medicaid. However, qualifying for these programs may be the best way to pay for a nursing home, which can cost $100,000 a year or more. A lawyer can work with you to determine if you are eligible for these programs, or how you might be able to become eligible.
- Revocable and Irrevocable Trusts: During nursing home planning, you may decide you want to move your money into a trust. There are acute differences between revocable and irrevocable trusts. A lawyer can help you determine which trust will work best in your situation.
- Creation of Powers of Attorney: Drafting a powers of attorney document lets you determine who will be able to make decisions on your behalf if you are no longer able to. This is a vital aspect of nursing home planning, because it can help assure that your wishes are respected after you can no longer carry them out for yourself.
Whatever your circumstances happen to be, Peck Ritchey, LLC can help you make a plan that will address the financial situation surrounding nursing home care and help your family members handle the associated process.
Consult with a Nursing Home Planning in Chicago
As you plan your estate, it is essential to address the costs of nursing home care. The Chicago nursing home planning attorneys at Peck Ritchey, LLC are prepared to help you create a plan that works to protect both your and your family’s financial interests. To speak with an estate planning attorney in Chicago, please feel free to call our office at (855) 328-5787 today.