Rick was named the #1 Illinois elder law estate planning attorney by Leading Lawyer Magazine. He has been quoted in the Wall Street Journal, AARP Magazine, TheStreet.com, and numerous newspapers and articles. Rick is the lead attorney for Law Elder Law, LLP, focusing in Estate Planning, Guardianship, and Nursing Home Solutions. His goal is to give retirees an informed edge when it comes to dealing with an uncertain future. Get flexible retirement strategies that work during good times and bad, plus information on how you can save your home and assets from being used to pay for long term care. Appointments available in Chicago, Aurora, Oak Brook, Schaumburg, and Joliet. Call 800-310-3100 for your free consultation now!
by Rick Law, Senior Estate Planner and Elder Law Attorney in Western Chicagoland.
Yesterday we talked about two of the important functions a trusted Elder Law attorney can do for you as you age.
If you’ll recall, the first two benefits we provide were:
1.) Safety – because it’s too hard to get back what you lost.
2.) A reasonable rate of return on your money – Most people do not expect to be stock market wizards. They want a safe and consistent way to be able to support their lifestyle.
Now, here’s two more reasons you need to talk to a Elder Law attorney and make a plan:
3.) Simplicity, because everybody wants to make legal and financial decisions they can understand.
The language and legality of of it all can be confusing… even frustrating. The laws are complex and ever-evolving. Don’t leave your future to anyone who can’t explain the issues and risks to you in plain English.
I have personally dealt with clients who have lost almost everything because they trusted their estate and their well being to a website that offers blanket legal forms: wills, trusts, etc… almost always a very bad idea. Not only can they not interact with you and build a plan that is adapted to your unique needs and goals, but they can’t change as the laws change, or be there for you when a new legal need arises regarding your estate. And believe me… they always do.
This is similarly true for working with an attorney who doesn’t regularly practice the ins and outs of elder law… they’re usually not up to speed on changing laws, and usually just pop your name onto a generic form that doesn’t have all the protections you’ll likely need.
4.) Income for life. Nobody wants to run out of money before they die. If you are out of money, then you are out of options.
As a senior, it’s your goal to not run out of money. As an attorney, it’s my goal to help you achieve that. Unfortunately, it’s all too common for people to wait too long. Circumstances can range from spending all your savings on a nursing home costs, long term care costs, or waiting too long and trying to care for a loved one at home – all of which can leave you out of money and out of options.
Don’t delay. Whether you’re approaching retirement, worried about the possibility of a serious illness, or already retired, if you’re thinking about it, then the time to visit an elder law attorney is now!
Too many families needlessly lose everything they have. Don’t let that be you. If you need help paying the overwhelming cost of long term care, give our office a call at 800-310-3100. Your first consultation is absolutely free. We’ll let you know what steps you need to take, right now, to protect yourself and your family. Call now, because when you’re out of money, you’re out of options!
Rick L. Law, Attorney, Estate Planner for Retirees.