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IL Estate Planning Blog

Tuesday, October 2, 2018

How Caregivers Handle Stress and Find Support


'It can be isolating': How caregivers handle the stress and find support

Tuesday, September 25, 2018

Retirement Suggestions


GREAT RETIREMENT SUGGESTIONS:
By Shlomo Benartzi
WALL STREET JOURNAL
JUNE 10, 2018

It’s Time to A/B Test Your Financial Life
People often don’t know their true preferences. Trying them out could save you a lot of money.
At the very least, testing our more expensive preferences can provide reassurance that they are really worth the extra money.
At the very least, testing our more expensive preferences can provide reassurance that they are really worth the extra money.

On my last work trip, I learned a valuable lesson about myself while melting chocolate in a saucepan.
Read more . . .


Tuesday, September 11, 2018

How to Baby-Proof or Child-Proof your Home


How to baby-proof or child-proof your home

  • Read more . . .


Tuesday, August 28, 2018

How to Talk With Your Dying Loved One


How to Talk With Your Dying Loved One

Conversations about death are among the most important, and difficult, we may ever have. Too often, we avoid them.

 


Read more . . .


Wednesday, August 22, 2018

My MEDICAL SNAPSHOT from DocuBank


IMPORTANT!!!

Your DocuBank Card can now hold your medical snapshot....

As a client of our firm, you received a DocuBank Emergency Card when you completed your estate plan.
Read more . . .


Tuesday, August 14, 2018

Are You Eligible for Food Stamps? ALSO "Extra Help" for Medicare Part D Participants


ARE YOU ELIGIBLE FOR FOOD STAMPS? 

Food Stamps, also known as SNAP (Supplemental Nutrition Assistance Program), no longer have an asset eligibility requirement for people 60 years of age or older or for persons with disabilities.

SNAP asset limits have been completely removed for those who are elderly or disabled.

The income limits have also increased for these populations.  Monthly gross income for persons 60 and over or persons with disabilities is $2,010.00 for a household of one and $2,707.
Read more . . .


Tuesday, July 31, 2018

How Prepaid Funeral Plans, Contracts, and Burial Spaces Impact Medicaid Assets

How Prepaid Funeral Plans, Contracts, and Burial Spaces Impact Medicaid Assets

 

Funds in a revocable prepaid funeral or burial contract, or in a bank account owned by the person clearly

identified as a burial fund, are exempt up to $1,500 from counting as Medicaid Assets. Funds in an irrevocable prepaid

funeral or burial contract are exempt up to $6,220. Exceptions to the above plans

include any portion of a contract that clearly represents the purchase of "burial space"

as per the Supplemental Security Income program is exempt regardless of value. In

addition, a prepaid, guaranteed price funeral or burial contract funded by an

irrevocable life assignment of a person's life insurance policy to a trust, is exempt;

however, among other requirements, a statement must be included that, upon death,

the State will receive any excess money remaining in the trust (up to the total amount

of assistance paid on behalf of the person).



Read more . . .


Tuesday, July 17, 2018

Tips on how to survive marriage from someone who's done it for 53 years


Taken from the Chicago Tribune

 

March 11, 2018

 

Judi Schindler is the first to tell you that marriage isn’t easy.
Married at 22, she said she thought marriage to her husband, Jack, would be a bit like Cinderella and Prince Charming — gazing adoringly across the table at each other while enjoying a perfectly cooked meal. Instead, the first time she tried to cook a meal that her husband had once told her he enjoyed, veal Parmesan, he told her he’d forgotten to tell her that he didn’t like veal Parmesan anymore. She slid the meal into the trash while crying.

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Tuesday, July 3, 2018

Craving a condo? Follow these buying dos and don'ts...


Ellen James MartinUniversal Uclick
If buying a condo is on your 2017 bucket list, be savvy.

 

“The condo market has historically been more volatile than the market for detached single-family homes. That's why it's important to think about your time horizon when buying a condo,” said Aaron Terrazas, a senior economist for Zillow, which tracks real estate markets throughout the country.

 

Many homebuyers are drawn to condo ownership by the simplicity and convenience of living in a building where most upkeep is handled by a maintenance staff.
Read more . . .


Tuesday, June 19, 2018

Battling it out when it comes to aging parent's care? Elder mediation might help


Battling it out when it comes to aging parent's care?  Elder mediation might help 

 

Barbara SadickChicago Tribune   December 17, 2017
After their mother was diagnosed with vascular dementia, Marnie Flowers and her three siblings began having difficulty agreeing on the best way to move forward to help her. Each had different reasons for concern, including safety, quality of life, and money for care.
Their mother’s increasingly serious symptoms made them anxious about what would happen next.
Read more . . .


Tuesday, June 5, 2018

Documents you Need When a Child Turns 18


Documents You Need When a Child Turns 18

Parents who want access to information on an adult child’s health, finances or college grades need the child’s permission in writing.

By 
Cheryl Winokur Munk
Nov. 29, 2017 11:18 a.m.
Read more . . .


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With two offices in Oak Lawn and Oak Brook, Stephen M. Sutera assists clients throughout Cook County, DuPage County and Will County IL including Chicago, Hometown, Barrington, Burbank, Burr Ridge, Chicago Ridge, Darien, Downers Grove, Evergreen Park, Geneva, Worth, Bridgeview, Palos Park, Palos Hills, Palos Heights, Hickory Hills, Midlothian, Willow Springs, Oak Forest, Orland Park, La Grange, Brookfield, Berwyn, Tinley Park, Hinsdale, Villa Park, Clarendon Hills, Westchester, Westmont, Lombard, Elmhurst, Western Springs, Berkeley, Downers Grove, Fox Valley, Glen Ellyn, Willowbrook, Aurora, Addison, Lisle, Forest Park, Bensenville, Wheaton, River Forest, Itasca, Shorewood, Frankfort, Mokena, Naperville, Crest Hill, Homer Glen, New Lenox, Bollingbrook, Schaumburg, Channahon and Woodridge.



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| Phone: 708-857-7255
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| Phone: 630-396-6800 | 708-857-7255
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