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ELDER LAW • ESTATE PLANNING • WILLS & TRUSTS • GUARDIANSHIP & PROBATE LITIGATION

Navigating Late-Life Relationships and Medicaid Planning

Welcome to our February Newsletter, where we address the intricacies of late-life relationships and the importance of Medicaid planning.

Our first article delves into the delicate balance of late-life romance and financial planning. We discuss the implications of remarriage for widowed individuals, emphasizing the potential risks and liabilities associated with marriage in later years. From navigating medical expenses to estate planning considerations, we provide invaluable insights to help individuals make informed decisions about their relationships and finances.

We also shed light on the realities faced by caregivers through the story of Mike and Laura. Their journey highlights the importance of planning ahead for your Medicaid needs, and how doing so can help caregivers thrive while caring for their loved ones.

Join us as we navigate the complexities of late-life relationships and caregiving challenges with empathy, insight, and practical guidance. Together, let us embark on a journey of understanding and support for seniors and their caregivers alike.

FEBRUARY'S NEWS TO KNOW

Girlfriends and Boyfriends at Age 70

Some of our widowed clients find a girlfriend or a boyfriend late in life.

Generally in situations when love sparks again we advise against marriage since under the laws of many states both partners are responsible for the other’s medical expenses. And if the new spouse goes into a nursing home several years after you meet and it’s $120,000 a year for the nursing home, you are responsible for that.

Medicaid Planning: A Love Story

Some love stories involve red roses and elaborate proposals. This one involves Medicaid and hallucinations.

At Generation Law, we often see what love and marriage looks like in the later years, when age and illnesses begin to take a toll. While it’s not the stuff of Hollywood rom-coms, we think real romance is about providing for those who matter most to us, no matter what.

FIRM BRIEF

Ben Added Another Accolade to His Shelf!

Ben Neiburger clinched the Super Lawyer Award for the 18th year in a row!

This impressive streak solidifies his position not only as a leading advocate for seniors, but as one of the most consistently recognized attorneys in the state of Illinois.

Congratulations Ben!

Say Hello to Rachel!

Generation Law is excited to be growing. More attorneys means helping more people.

Most recently, we welcomed Rachel Anderle to the practice.

Rachel is freshly armed with a Juris Doctor from the University of Washington School of Law and was admitted to the Illinois Bar Association in 2023.

At Generation Law, Rachel is already making an impact drafting estate plans, trusts, wills, advanced directives, and powers of attorney to meet the unique needs of each client.

Welcome Rachel!

Got FAQs? We Have Answers!

“What’s the difference between a will and a trust?” “How often should I update my estate plan?” “What is long-term care insurance?”

If you’ve got elder law or estate planning questions, our legal team has answers. In fact, we invite you to share your biggest questions with us, and we will answer the top FAQs in an upcoming newsletter.

So what do you want to know? To submit your question, drop us a line at info@generationlaw.com.

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for all the caregiver essentials: planning tips, checklists and a few laughs

747 N. Church Road • Suite B4 • Elmhurst, IL 60126

408 S. Oak Park Ave • Suite 4 • Oak Park, IL 60302

630-782-1766 • www.generationlaw.com

Info@GenerationLaw.com

IMPORTANT DISCLAIMER: This email newsletter does not create an attorney-client relationship. It does not contain legal advice for you or anyone else (so don’t act on anything we say unless you speak with an attorney first). It does contain facts and stories we think you might be interested in. We tried to keep this short because we really like you.