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Hedeker Law, Ltd
Helping Families Grow, Protect and Pass On their Hard-earned Money
Helping Families Grow, Protect and Pass On their Hard-earned Money
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Can I Retire Early? - Ideally, you should start saving for your retirement as soon as you begin your first “real” job. As you get closer to retirement age, you will undoubtedly start looking forward to leaving the stress and pressure of the work world behind you. You may even want to speed up the clock so you can reach retirement age sooner. Although we typically refer to “retirement age” as age 65, the truth is that the age at which you decide to retire is not set in stone.  If you are tired of the “rat race,” and are ready to get out, you [Read more...] The post Can I Retire Early? appeared first on Hedeker Law.

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When Should I Start Retirement Planning? - You have probably heard from well-meaning friends and family members about the importance of retirement planning. Knowing how important it is to start planning for your retirement, isn’t the same as knowing when you need to start planning. Is there are ideal time in your life when retirement planning should begin? When is it too late to start planning? For your retirement planning to be effective, you need to know when and how to start planning. Why Is Retirement Planning So Important? Thanks to advances in science and medicine over the last century, the average American now lives almost twice [Read more...] The post When Should I Start Retirement Planning? appeared first on Hedeker Law.

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IRA Types Explained - Once upon a time, the average person could depend Social Security and a pension from their employer to see them comfortably through their retirement years. Those years are long gone. With the future of the Social Security system in question, and monthly payments that cannot come close to covering living expenses, today’s workers should not depend on Social Security exclusively to fund their retirement. Add to that the fact that very few employers offer pension plans to their employees these days and it should be no surprise that more and more people are choosing to start an Individual Retirement Account [Read more...] The post IRA Types Explained appeared first on Hedeker Law.

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Why Would I Need a Medicaid Attorney? - If you are at, or near, retirement age, and you have never before needed to qualify for Medicaid benefits, you may be wondering why people are always talking about “Medicaid planning?” Why would you need to include Medicaid planning in your overall estate plan? Along the same lines, why would you ever need a Medicaid attorney if you have never before been a Medicaid recipient? These questions are understandable if you know very little about Medicaid for the aged and why qualifying for Medicaid may be both necessary, and difficult, at some point in your near future. What Is Medicaid? [Read more...] The post Why Would I Need a Medicaid Attorney? appeared first on Hedeker Law.

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Tips for Setting Up a Trust - Estate planning, when done right, involves so much more than simply executing a Last Will and Testament that directs the disposition of your estate assets when you are gone. A well thought out estate plan can include a variety of additional components, such as incapacity planning, tax and probate avoidance, and Medicaid planning, just to name a few. One of the most common estate planning tools used to accomplish these additional goals is a trust. If you have never established a trust before, you may not know what all is involved in creating a trust agreement. Of course, it is [Read more...] The post Tips for Setting Up a Trust appeared first on Hedeker Law.

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Do You Need an Illinois Living Will? - When done correctly, estate planning involves more than simply deciding who will receive your estate assets when you are gone. In fact, a well thought out estate plan can do as much to protect you while you are alive as is does to provide for loved ones when you are gone. Although there is no such thing as a “standard” estate plan, there are some components that are frequently found in a comprehensive estate plan. One of those is an Advanced Directive component. The State of Illinois recognizes four different Advance Directive options, including a Health Care Power of Attorney, [Read more...] The post Do You Need an Illinois Living Will? appeared first on Hedeker Law.

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Illinois Businessman Arrested in Largest Ever Medicaid – Medicare Scheme - A prominent Illinois businessman and nursing home operator, Philip Esformes, was recently arrested in what may turn out to be the largest Medicaid/Medicare fraud scheme ever to be uncovered in the United States. Esformes was arrested at one of his $2 million estates on the Miami Beach waterfront and placed in immediate detention. He has since been denied bond despite repeated requests and pleas from various supporters. Esformes is accused of orchestrating an unprecedented $1 billion Medicaid and Medicare bribery and kickback scheme that has allegedly been going on for many years at his various nursing home facilities throughout the [Read more...] The post Illinois Businessman Arrested in Largest Ever Medicaid – Medicare Scheme appeared first on Hedeker Law.

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Executor Duties and Responsibilities - If you have finally made the decision to get started on your estate plan, your first step will likely be to create and execute a Last Will and Testament. As such, you are probably spending a considerable amount of time thinking about who you wish to name as beneficiaries in your Will and what assets you plan to gift to which beneficiary. Of course, these decisions are important as they are at the heart of a Last Will and Testament; however, do not make the mistake so many other people make of glossing over the choice of Executor. All too [Read more...] The post Executor Duties and Responsibilities appeared first on Hedeker Law.

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What to Expect in an Illinois Probate Court - Whether you are aware of it or not, there is a fairly good chance that you will find yourself in an Illinois probate court, if you are an Illinois resident, at some point in your life. If you are unfamiliar with the concept of probate and/or with the types of legal matters typically handled in a probate court it would be a good idea to educate yourself now before you find yourself in the middle of a probate matter. With that in mind, the following provides a basic guide for what you might expect in an Illinois probate court. The [Read more...] The post What to Expect in an Illinois Probate Court appeared first on Hedeker Law.

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What Estate Planning Legal Services Do I Need? - Although most people realize the need to have an estate plan in place, a surprising number of them do not have one. When asked why they have yet to create a comprehensive estate plan, several answers predominate. One of the simplest is the fact that people are unsure where to begin and/or what they need. The best way to determine what estate planning legal services you need is to consult with an experienced Illinois estate planning attorney. In the meantime, however, it may be beneficial for you to learn more about what estate planning services are available. What Is Estate [Read more...] The post What Estate Planning Legal Services Do I Need? appeared first on Hedeker Law.
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