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Elder Law
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DuPage County Elder Law Attorneys

Glen Ellyn estate planning lawyer for special needs trusts and guardianship

Lawyers for Estate Planning and Guardianship in Lombard, Downers Grove, and Wheaton

Seniors compose one of the fastest-growing age groups in the United States, and as more and more people reach retirement age, they will want to be prepared to meet their financial needs in their golden years while also making plans to protect their assets and pass them on to their loved ones. Senior citizens may need to take steps to ensure they will have the resources they need to support themselves, including Social Security benefits, health care coverage under Medicare or Medicaid, and retirement savings. They may also need to address their own health needs and make decisions about long term care and end of life care.

When addressing these concerns, it is important to work with a compassionate and experienced elder law attorney. At A. Traub & Associates, we will help you understand your options, and we will work closely with you to create a plan that will provide you with peace of mind. With our help, you can avoid uncertainty for yourself and your family, and you can be sure that you will be prepared for whatever may happen in your life.

Addressing Your Elder Law Concerns

One of the most important things to do at any stage of your life is to create a comprehensive estate plan that specifies your wishes for how you want your affairs to be handled and how you want your assets to be passed on to your beneficiaries. Wills and trusts allow you to make decisions about what you want to happen after your death, and they can provide instructions for who should receive your property and when and how assets should be distributed to your heirs.

We can help you create the estate planning documents to address your needs, including planning for your own needs throughout the rest of your life. Since trusts allow you to place your assets in the control of a trustee, who will then distribute the assets according to your instructions, you can name yourself as a beneficiary, using these assets to provide for your needs, including paying for long term care or other healthcare costs. If you will be receiving government benefits, such as Medicare, Medicaid, or Social Security disability, you can use a special needs trust to provide for your supplemental needs without jeopardizing your ability to receive public aid.

We can also help you create advanced medical directives to make decisions about the types of care you will receive throughout the rest of your life. A living will allows you to decide what types of life-sustaining treatments you do or do not want to have performed if you are diagnosed with a terminal illness and cannot make your wishes known. A power of attorney for healthcare will name someone who is authorized to make medical decisions on your behalf if you become incapacitated, including your treatments and medications, admittance to medical or long term care facilities, and death-delaying or palliative care.

In some cases, it may be necessary to establish guardianship, which will give another person the authority and responsibility to assist with a person's financial or personal needs and ensure they are receiving the proper care. If you are an elderly or disabled adult who needs some help managing the different areas of your life, we will work with you to determine how guardianship can grant a loved one the authority to provide the help you need while allowing you to maintain as much control over your own life as possible.

Contact Our Oak Brook Elder Law Attorneys

Whether you are beginning to plan for your senior years or are a retiree or senior citizen who needs to address your financial or healthcare needs, A. Traub & Associates can provide the legal help you need. We will take the time to get to know you and make sure you understand your rights and the options available to you. We will work with you to create the estate planning documents that will meet your needs, both throughout the rest of your life and after your death. Contact us at 630-426-0196 to set up a consultation. We work with clients in DuPage, Cook, Will, and Kane Counties, including Wheaton, Lombard, Arlington Heights, Oak Brook, Glen Ellyn, Downers Grove, and Glendale Heights.

Illinois State Bar Association DuPage County Bar Association Northwest Suburban Bar Association American Inns of Court DuPage Association of Woman Lawyers National Association of Woman Business Owners Illinois Association Criminal Defense Lawyers DuPage County Criminal Defense Lawyers Association
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