Illinois Medicaid Planning And OBRA Trust Lawyer
Omnibus Budget Reconciliation Act (OBRA) trusts are an excellent way for individuals to plan for their futures with an eye toward receiving future Medicaid benefits. OBRA trusts become especially useful if you know you or a loved one will be entering a nursing home in the future in Illinois.
I am elder law attorney Eileen Fitzgerald. I have more than 30 years of experience serving clients in Downers Grove and throughout Chicago’s western suburbs with estate planning. If you have an OBRA trust concern, I will help you. Call 630-493-4380 or contact me by e-mail to schedule an appointment with a knowledgeable Illinois attorney.
OBRA Trusts And Special Needs Trusts in the DuPage County Area
OBRA trusts are from a federal law that was passed in 1993. This statute allows individuals to put money into an OBRA trust today and still qualify for Medicaid tomorrow. I will help you plan properly so that you can have money set aside to pay for expenses that Medicaid will not cover.
If there is money left over in the OBRA trust after the beneficiary passes, it pays back the state for the Medicaid that was used. If there is money left over after that, I will help direct it toward your family to be used for their benefit.
Estate Planning Assistance for All of Your Trust Needs
At my Illinois law office, I understand the different types of trusts, including:
- Revocable trusts
- Irrevocable trusts
- Pooled trusts
- Testamentary trusts
No matter what estate planning needs you have, I will strive to meet them.
Contact a Downers Grove Medicaid Planning Lawyer
You can feel comfortable coming to me with your special needs trust questions and concerns. All of our conversations will be confidential. Contact me to discuss your estate planning in an appointment at my office in Downers Grove. I am available Monday through Thursday from 9:00 a.m. until 5:00 p.m. and Fridays from 9:00 a.m. until 3:00 p.m. I make house calls to clients who are unable to make the trip to my law office.