Elder Law Articles, Uncategorized

Elder Law Update – January 2009 (Volume II)

Dear Clients and Colleagues: This Elder Law Update is to invite you to our bi-monthly workshop regarding Long Term Care and Medicaid Planning. This workshop has been a huge success and is free to you and your friends and family. Please call immediately to sign up as the workshops fill up quickly. Please see the invitation below. Bring a friend or family member. IMPORTANT UPCOMING WORKSHOP REVEALS: “How To Get Medicaid Coverage For Your Nursing Home Care… Without Selling Your Home Or Leaving Your Family Without A Dime” How to pay the cost of nursing home care is one of the greatest fears families face today. It=s a shame when you scrimp and save for years, only to find out that your life savings is at risk if your health fails. But with nursing home costs running $6,500 per month or more in our area, it=s easy to see how your entire life=s savings could be gone in a matter of months if you or your loved one needs nursing home care. Then, to make matters worse, Congress passed a harsh new law recently…and this law changes the landscape of asset protection. It used to be that you could wait until you needed nursing home care before you took steps to protect your assets. That is no longer true. Smart families are now discovering that there are still steps to take to protect their assets, but they need to Act now. A new Free informational workshop is being offered by Anthony B. Ferraro, Attorney-CPA, of The Law Offices of Anthony B. Ferraro, LLC, in Rosemont, on January 13, 2009. Here is some of what you will discover at this meeting: • How to protect your assets from nursing home costs – you may be able to save more than you would expect…even if your loved one is already in a nursing home. • One of the most important legal documents you need – and the three things it should contain. • Why traditional estate planning may not work…And the life-care planning steps you should be taking instead. • How to avoid being disqualified for Medicaid coverage by properly structuring gifts. • How to help ensure your estate provides an inheritance for your heirs…and supports your nursing-home-bound spouse. • How to qualify for “hidden” veterans benefits to help you stay at home. Your attendance at this new workshop is Free, but seating is limited. To reserve your spot, call 847-563-4887. This workshop has been extremely popular and we expect it to fill up quickly. If there is no space available by the time you call, we will put you on the waiting list and notify you when we hold the next workshop.**Special Bonus** Attendees will receive a FREE copy of our “Easy Guide Outline of Issues for Medicaid Planning and Asset Protection for Long Term Nursing Home Care”. (Limit one Outline per household). To make your reservation, call The Law Offices of Anthony B. Ferraro, LLC at 847-563-4887.Call now. These workshops fill up quickly! Please call for additional dates and times. ***Advisors please call us for the upcoming lunch teleconference regarding the 5 Mistakes that Financial Professionals Are Making about Estate and Long Term Care Plans…and What You Can Do to Avoid Them. ***Advisors if you would like a sample email to use to send to your clients regarding our workshops please contact our office and we will send one to you.

The “3 Phase” Lawyers

Legal Counsel Assisting You in the 3 Phases of Your Life:

– Maturing Years – Will, Trust, Taxes, and Asset Protection

– Senior Years – Long Term Care, Medicaid, and Nursing Home Protection

– Post Death Years – Estate, Probate, and Trust Administration

“Educate to Motivate”

Anthony B. Ferraro Attorney-CPA The Law Offices of Anthony B. Ferraro, LLC The Estate & Trust, Elder and Asset Protection Law Firm Columbia Centre I 5600 N River Road, Suite 764 Rosemont, IL 60018 PH(847)292-1220 abferrarolaw@abferrarolaw.com https://abferrarolaw.com/ Note: Pursuant to federal regulations imposed on practitioners who render tax advice (“Circular 230”), we are required to advise you that any tax advice contained herein is not intended or written to be used for the purpose of avoiding tax penalties that may be imposed by the Internal Revenue Service. This document is for discussion purposes only and is not intended to be, nor should it be, considered as legal advice. You should never attempt Medicaid planning, Estate planning, Probate, or Estate and Trust Administration without the advice of competent legal counsel.