Schwulst & Roseberry, P.C.
Illinois Long-Term Care Planning Attorneys

Planning for Nursing Home Care and Wealth Transfer

It is difficult when a loved one's enjoyment of the golden years is cut short by

health problems or mental decline. Many families are caught off-guard by illness,

accident or the onset of dementia, scrambling to arrange for nursing care and

often unprepared to pay for it.

Schwulst & Roseberry, P.C., provides experienced legal counsel in elder law and

long-term care planning. We help clients plan for nursing home care or assisted

living care while protecting family wealth and preserving eligibility for Medicaid

assistance.

This process should ideally be started well in advance but you may have

options even if you are at a crisis stage. Contact us today to discuss your

situation in a free initial consultation. We serve families in Bloomington-Normal,

McLean County and the surrounding region of central Illinois.

Preparing for Long-Term Care · Illinois Medicaid

Planning Lawyers

Experienced attorneys John P. Schwulst and Todd A. Roseberry bring more than

53 years of combined legal experience to problem-solving your needs

surrounding nursing home care. We will sit down with you to explore your goals,

your circumstances, your finances and your options:

• Long-term care insurance — Nursing home care can cost as much as

$5,000 to $7,000 per month, depending on the level of care and the quality

of the facility. Elder care insurance may be affordable when the premiums

are spread over many years.

• Gifting and transfer of property — Wealth can be transferred gradually

to heirs, but transfers that are recent or exceed the federal limit can be

nullified or penalized. Unlawful transfers can also affect Medicaid eligibility.

We can advise clients on retitling of assets and allowable annual gifting

limits.

• Medicaid planning — The federal government requires a spend-down of

assets to qualify for Medicaid coverage of nursing home costs. Through

careful planning, such as a properly established living trust, the home and

other assets can be exempted from the spend-down requirements.

• Special needs trusts — A supplemental needs trust provides amenities

for a parent in a nursing home or for an adult disabled child. The trust can

pay for travel, entertainment, personal items, upgraded clothing and other

quality-of-life extras without disqualifying the person for Medicaid or Social

Security Disability.

Bloomington-Normal Long-Term Care Planning

Lawyers

A person cannot simply sign over assets to children or a spouse in anticipation of

nursing home care. We provide comprehensive estate planning services, from

long-term care planning to wills, trusts and powers of attorney. We also handle

guardianship proceedings to take charge of the health care and personal affairs

of a family member who can no longer manage his or her own care.

Trying to protect family assets can make matters worse if not done properly. The

biggest mistake is not to plan at all. For a consultation with our experienced

estate planning lawyers, contact us online or call us Toll Free at 855-217-6003.

We offer the first 30 minutes of the initial consultation free of charge. 

Schwulst & Roseberry, P.C. |  407 West Front Street, Suite 2 | Bloomington, IL |61701 | Toll Free: 855-217-6003  
    Toll Free Phone (855) 217-6003

 

Office Location

Schwulst & Roseberry, P.C. 407 West Front Street, Suite 2 Bloomington, IL 61701 Toll Free Phone: 855-217-6003 Fax: 309-829-3014 Map & Directions  FREE PARKING
   

Serving the Following Areas

Schwulst & Roseberry, P.C., provides comprehensive litigation and trial rep- resentation throughout the Bloomington Normal area of central Illinois, including McLean County, DeWitt County, Logan County, Tazewell County, Woodford County as well as the communities of Clinton, Lincoln, Eureka, Pontiac, Pekin and Farmer City.