Lisle Disability Planning Lawyer

Providing Disability Planning Services for Seniors and Disabled Individuals

Planning for the future is always important - it becomes especially important in the later years and when caring for those who cannot care for themselves. If you want to protect yourself in the case of future disability, or protect someone else currently under some disability, come to the law firm of Carol A. Nolan, Attorney at Law in Wheaton, Illinois.

Contact Ms. Nolan today to schedule a confidential consultation with an experienced attorney.

Disability Planning Tools to Protect Yourself and Your Future

Many estate planning tools can serve as disability planning tools, allowing you to protect yourself in the event of an injury or illness that renders you unable to make important decisions regarding your own medical care:

• Powers of attorney - Powers of attorney for healthcare or finances and property grant limited legal authority to other people to make important medical and financial decisions. These convenient legal documents allow you to decide who will make your most important decisions if you become unable to make these decisions yourself.
• Revocable living trusts - Revocable living trusts provide flexible options for managing your property and distributing your assets. These trusts keep all decision making authority in your hands, or they may grant this authority to someone you trust, rather than the probate courts.
• OBRA special needs trusts - OBRA special needs trusts allow individuals who might otherwise be unable to qualify for Medicaid benefits to become eligible for assistance.

Disability Planning Tools to Protect Those You Love

Estate planning tools can also be used to protect those that you love. If a loved one has become unable to make important personal decisions, or if you are caring for someone who is disabled and want to ensure that they are protected should something happen to you, these tools may be appropriate:

• Guardianship - If someone you love has lost the ability to make important decisions regarding finances and health care, but has not previously established powers of attorney, the probate court can assign a guardian to care for your loved one.
• Third-party special needs trusts - Third-party special needs trusts allow you to leave assets to disabled adults without sacrificing any benefits provided by the state, such as Social Security Disability Insurance benefits or Medicaid benefits. Creating a third-party special needs trust may be one aspect of effective Medicaid planning.

To develop a plan to address the needs of a disabled adult or child, please call Carol Nolan at 630-668-6600 today or contact us online.