OBRA Special Needs Trusts

Elder Law Attorney Preparing OBRA Trusts

A few years of nursing home care can destroy a lifetime of sound financial planning. If you anticipate that you will spend time in a nursing home, or if someone you love will be entering a nursing home in the near future, come to the law firm of Carol A. Nolan, Attorney at Law.

From offices in Lisle, Illinois, Ms. Nolan assists people throughout the western suburbs of Chicago with Medicaid planning. Using OBRA special needs trusts - sometimes referred to as Medicaid payback trusts - she helps clients obtain Medicaid benefits. OBRA trusts allow many clients with substantial assets to receive Medicaid benefits when they might not otherwise be eligible.

To discuss your options for Medicaid planning and the availability of Medicaid benefits with an experienced lawyer, contact Ms. Nolan today.

Extensive Experience Addressing the Legal Concerns of Illinois Seniors

Ms. Nolan has extensive experience addressing the legal concerns of seniors in Illinois. For the duration of her legal career, she has practiced exclusively in areas of the law that affect seniors - elder law and estate planning. She handles legal matters in probate court, so she is very familiar with the special rules governing probate, estates, guardianship, and related issues.

OBRA Trusts and Medicaid payback trusts are a very narrow, complex area of law. Due to Ms. Nolan's experience in these areas, however, she can effectively represent those who want to use these tools.

What are OBRA Trusts?

Although OBRA trusts have been available since 1993, few truly understand them. OBRA trusts allow people to set aside assets, protecting them from consideration in a Medicaid application. This protection from consideration reduces the value of assets reported on the Medicaid application, allowing many people to qualify for Medicaid assistance who otherwise would not.

Upon the death of the person creating the OBRA trust, the state receives payback for any assistance from the remains of the trust - if any funds remain. By creating an OBRA trust, a person can continue to use their assets for day-to-day living expenses, rather than pouring everything into nursing home care.

Contact Carol A. Nolan, Attorney at Law Today

If you have questions or concerns related to OBRA Trusts or Medicaid payback trusts, contact Ms. Nolan today at 630-668-6600 to schedule a confidential consultation.