If you take the right steps in advance to feather your nest, you can put your working years behind you at some point and enjoy your golden years to the fullest. For many people, an individual retirement account will be part of the plan. This will provide an underpinning that you can draw from when you are a senior citizen, but what happens if you don’t need the money? At some point, you may recognize that you will be in this position. The account will then be part of your estate plan. With … [Read more...] about Key Facts About IRAs and Estate Planning
Elder law attorneys assist clients that are concerned about legal and financial matters that senior citizens often face. There are a number of different issues that we deal with, but the matter of long-term care is definitely at the top of the list. You may assume that the Medicare program will pay for a stay in a nursing home if you ever need this level of assistance with your day-to-day needs. This makes sense, but in reality, Medicare will not pay for the custodial care that nursing homes … [Read more...] about Nursing Home Costs Can Be Devastating
As estate planning and elder law attorneys, we help clients prepare for all stages of their senior years, because one thing leads to another. Looking ahead toward your active retirement period can be exciting, and if you take the right steps, you can enjoy your spare time to the fullest. The “right steps” part is key, because it is not easy for most people to have the resources that they need to enjoy their golden years in comfort. For most, Social Security will be an important piece to the … [Read more...] about When Should You Apply for Social Security?
When people first hear about the concept of Medicaid being relevant to elders, they are sometimes confused. If you are going to qualify for Medicare as a source of health insurance, why would you need Medicaid? Plus, people with resources cannot qualify for Medicaid because it is a need-based program. This line of thinking makes total sense on the surface, but when you scratch beneath it, you see a different picture. Long-Term Care Costs Medicaid should be on your radar when you are … [Read more...] about Can Medicaid Take Your Home?
In all too many instances, people come to us seeking damage control solutions. They find themselves in difficult situations because of estate planning mistakes that were made by loved ones. We do what we can, but it is frustrating when you know that negative outcomes could have been avoided. With this in mind, let’s look at a few common estate planning mistakes that you should definitely avoid. Embracing DIY Solutions There are websites that sell template, boilerplate legal documents, … [Read more...] about Steer Clear of These Common Estate Planning Mistakes
The novel coronavirus, COVID-19, is spreading in the United States and across the globe. Social distancing and self-quarantine can help slow the spread. The virus is a particular threat to residents of nursing homes. Read on to learn more about the threat and how you can keep your loved ones safe. Read on to learn more … [Read more...] about Coronavirus and Nursing Homes
COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. While healthcare systems have fought the virus, economies have been hurt by the social distancing required to combat the virus. However, there may be an opportunity for those wishing to do certain types of Estate Planning. Read on to learn more. Read on to learn more … [Read more...] about Economic Fallout from Coronavirus May Provide Opportunities
At O’DROBINAK & NOWACZYK, P.C., the health and safety of our Clients, Team Members, and Friends of our Firm, are certainly our priority amid concerns about the spread of the Coronavirus (COVID-19).As Estate Planning and Elder Law Attorneys, our practice is dedicated to serving our most vulnerable citizens, including seniors, those who are ill, disabled, experiencing mental health challenges and children with special needs.The uncertainty around the pandemic has many people concerned about … [Read more...] about #In This Together
At O’DROBINAK & NOWACZYK, P.C., the health and safety of our Clients, Team Members, and Friends of our Firm, are certainly our priority amid concerns about the spread of the Coronavirus (COVID-19). The uncertainty around the pandemic has many people concerned about exposure to the virus. We are committed to ensuring everyone’s safety and making it easy and accessible for our community to get their long term care planning and estate planning questions answered, as well as ensure they have … [Read more...] about COVID-19 Office Update
To do our part in collectively slowing the spread of COVID-19, we are prioritizing the health and wellness of our staff, clients and community. We will remain OPEN, however, we are keeping our doors locked to limit the amount of people in our Office. If you have an appointment, please call our Office at 219-865-2285 when you arrive and we will let you in. If you need to drop something off, please call our Office when you arrive and we will send someone out to your car to retrieve the document. … [Read more...] about COVID-19 Update