Krupp & Krupp, LLP Blog Friday, March 20, 2020 RESPONSE TO THE SHELTER IN PLACE ORDER To our valued clients and friends, WE WANT YOU TO KNOW THAT DURING THIS TRYING PERIOD, WE ARE STILL COMMITTED TO WORKING FOR OUR CLIENTSGovernor Pritzker’s executive order requires businesses, except for “‘Essential Businesses,” to cease operations. Under the…
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Krupp & Krupp, LLP Blog Saturday, March 14, 2020 COVID-19 This has been an interesting week! Just about everything is uncertain right now with COVID-19 . We want to discuss two things regarding estate planning: 1) We are Prepared to Remain Open and Serve Our Clients During The Crisis At Krupp & Krupp we remain…
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Krupp & Krupp, LLP Blog Friday, August 23, 2019 Estate Planning For Children With Special Needs To our valued clients and friends, The best and most comprehensive option to protect a loved one is to set up a special needs trust (also called a supplemental needs trust). These trusts allow beneficiaries to receive inheritances, gifts,…
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Krupp & Krupp, LLP Blog Tuesday, July 23, 2019 LONG TERM CARE MYTHS According to the U.S. Department of Health and Human Services, someone turning age 65 today will have a 70 percent chance of requiring some long-term care (LTC) service and support during the remainder of their life. In the case of women,…
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Krupp & Krupp, LLP Blog Wednesday, June 19, 2019 How Much Does Long Term Care Insurance Cost? According to the American Association for Long Term Care Insurance 2019 price index, a married couple who are both 55 years old would pay an average of $3,050 a year combined for a total of $386,500 each…
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Krupp & Krupp, LLP Blog Saturday, June 15, 2019 Procrastination and Estate Planning Procrastination and Estate Planning Procrastination. We’re all guilty of it. Worse yet, procrastination tends to affect our big decisions. When it comes to your estate plan, your first step is to contact an experienced estate planner. At some point, when you…
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Krupp & Krupp, LLP Blog Monday, January 7, 2019 Appealing a Hospital Discharge The linked article, “Winning Against a Stacked Deck,” provides a chilling and frustrating account of an elder law attorney’s attempts to fight a Medicare/Hospital decision to discharge her mother. Between the bureaucracies of the government and the hospital-industrial complex, the deck is…
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Krupp & Krupp, LLP Blog Monday, January 7, 2019 Medicare’s Hospice Benefit Medicare’s hospice benefit covers any necessary and reasonable care for easing the course of a terminal illness. This benefit is often overlooked and underused. Hospice is a type of palliative care. Palliative care addresses physical, intellectual, emotional, social, and spiritual needs of the…
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Krupp & Krupp, LLP Blog Tuesday, December 18, 2018 Can I Save My House from Long Term Care Costs? For many people, their house is their most valuable asset. Our new clients always ask, “How do I save my house from being lost to nursing home costs?” The answer in many situations is through the…
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Krupp & Krupp, LLP Blog Tuesday, December 11, 2018 Will your Power of Attorney for Property Work for You? The power of attorney is a crucial estate planning document—it allows a third party to step in and make important financial decisions for you if you are no longer able to make those decisions for yourself.…
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