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February
2011
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| In This
Issue |
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Elder
Law Center, P.C. |
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2111 Plum Street, Suite 201
Aurora,IL
60506
(630)844-0065
cbr@mickeywilson.com
www.elderlawpc.com/
Check out our Blog!
Upcoming
March Speaking Engagement:
March 16, 2011
2011
Estate, Probate & Elder Law Seminar
Connie will
moderate the seminar and deliver an Elder Law Update "Review
of the Basic Medicaid Eligibility Rules and the Status of the
Implementation of the Changes to the Medicaid Eligibility
Rules as Mandated by the Deficit Reduction Act of 2005."
Presented by The Estate, Probate & Elder Law
Committee and The Kane County Bar Association. Held at the
Eagle Brook Country Club, Geneva,
IL | |
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Turning 65? What You Need to Know about Signing up for
Medicare
The first of the 78
million baby boomers turned 65 on January 1, 2011, and some 10,000
boomers a day will reportedly be turning 65 between now and 2030. If
you are among those about to reach that milestone, then it is time
to think about Medicare. You become eligible for Medicare as soon as
you turn 65, and delaying your enrollment can result in
penalties.
The Virtues of Private Reverse Mortgages
Banks have been touting
the advantages of so-called "reverse" mortgages. But if the
homeowner moves to a nursing home, this means liquidating an asset
that must be spent down before the former homeowner can qualify for
Medicaid coverage. There is another alternative that in many
instances better meets the needs and goals of older
homeowners.
State Laws Create Obstacles to End-of-Life Planning, Study
Finds
Despite well-publicized
cases like that of Terri Schiavo, most Americans still do not have
"advance directives" that give caregivers instructions on the kind
of care they would like to receive should they become terminally ill
or permanently unconscious. One impediment may be state laws.
Proposed Chinese Law Would Require Adult Children to Visit
Elderly Parents Regularly
Adult children in China
would be required to visit their elderly parents on a regular basis
under a proposed amendment to the nation's Law on Protection of the
Rights and Interests of the Aged.
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| Disclaimer:
The information contained in this newsletter is not intended
as legal advice and should not be relied upon to answer any
specific questions concerning your own circumstances or for
purposes of legal planning. For specific legal advice, please
contact our offices. |
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