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630-377-3241 455 Dunham Road, Suite 200, St. Charles, IL 60174

Do You Need a Lawyer to Write a Will?

Linda Strohschein, your local Certified Elder Law Attorney, will meet with you to create strategy and offer resources to avoid problems that drag out your estate administration and cost money and create headaches for your heirs. Call us today at 630-377-3241

Passing on Assets Outside of Probate: PODs and TODs

For a variety of reasons, people sometimes want some or all of their assets to pass directly to specific individuals upon their deaths, outside of probate. One way to accomplish this is to set up a “payable on death” (POD) account for money in a bank account or a “transfer on death” (TOD) account if funds are in a brokerage account.
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May 26, 2015

Decisions to Make for Your Power of Attorney

Executing a power of attorney is not as simple as it first seems. It is important to have a qualified elder law attorney help you. The team at Strohschein Law Group offers the quality, compassion and experience required to help you, or a loved one, put your personal affairs in order.
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March 9, 2015

The 6 Biggest Estate Planning Mistakes

If you’re like most people, you have the best of intentions with regard to how you want your estate distributed when you die or your affairs handled should you become incapacitated. Unfortunately, without proper planning, your best intentions may not be enough. Here are six of the most common estate planning mistakes people make.
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February 9, 2015

5 Estate Planning Tips for the Non-Traditional Family (Which Probably Means Yours)

Is your family of the “Leave It to Beaver” variety -- opposite-gender parents, the first marriage for each, one or more kids, all healthy and thriving? If so, your estate plan will probably be pretty straight forward. But if not, it's not as simple and you have a lot of company. Strohschein Law Group is aware of family dynamics and variety. We work with sensitive family situations every day. We stay focused on our core values of being approachable, client focused, collaborative, compassionate, and experienced. Your important issues will be heard and we will protect what matters most.
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January 13, 2015

Medicaid and Trusts 101

With careful Medicaid planning, you may be able to preserve some of your estate for your children or other heirs while meeting the Medicaid asset limit. In Illinois, a nursing home resident covered by Medicaid may have no more than $2,000 in "countable" assets.

Even Annual Exclusion Gifts Are Counted by Medicaid

This IRS rule has nothing to do with Medicaid’s asset transfer rules. While the $14,000 that you gave to your grandchild this year will be exempt from any gift tax, Medicaid will still count it as a transfer that could make you ineligible for nursing home benefits for a certain amount of time should you apply for them within the next five years.
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