Elder Law Update – September 2009 Vol 2
IT’S ABOUT PROTECTING WHAT YOU HAVE-
NOT THE ECONOMY OR HEALTH CAREI am hoping to get your attention by paraphrasing a well-worn phrase-“It’s the economy, stupid”-often heard during the 1992 presidential election and since then. What I have taken from the ongoing debate about the economy and health care that is going on nationally is not what kind of insurance coverage Congress is going to make available to every American or what type of cost reductions in care costs can be obtained, but rather, that it’s all about what kind of protection can be afforded to you and me. Yes, it’s all about protection. The good news is – at least they are talking about the economy and health care protection. The bad news is — there is nothing you or I can control about what Congress will do about the economy and health care protection. There is more good news, however, and that is that we can create our own type of protection. The Threats The three biggest threats to most Americans are the effects of:
- Inflation; and
- Long-Term Care.
Long-Term Care Planning Attorneys
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 and Nursing Home Protection
– Post Death Years – Estate, Probate, and Trust Administration
“Educate to Motivate”
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. The Illinois rules of Professional Conduct require attorneys to identify unsolicited communications to prospective clients as Advertising Material. If the context requires, please consider this letter and the enclosed literature to be Advertising Materials. 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.