 |
|
|
Members of Spain, Spain & Varnet P.C. have either written or been
quoted in numerous articles related to estate planning. Richard Spain
has written articles in several journals, including one published
in The Practical Lawyer titled "Estate Planning for a Disabled
Beneficiary." Theresa Varnet has also written several articles
for journals and magazines, including a column that was regularly
published in Exceptional Parent magazine. Listed below are links to
several recent articles in which firm members have been quoted.
Articles
Info about ordering Home Control
Legislation
Resources
|
 |
| |
Illinois
Tax Law Changes
Effective January 2009 |
|
In 2003, Illinois enacted estate tax rules which, beginning January
1, 2009, do not parallel the federal fules for decedents dying after
December 31, 2008. On January 1, 2009, the federal estate tax exclusion
amount increases to $3.5 million. As part of the same legislation,
Congress phased out the credit that had been allowed for state estate
taxes (sometimes referred to as "death" taxes)....For
more, click link:
top |
|
| |
|
|
|
|
| |
Divorce
and Special Needs Planning |
|
Persons who are disabled, as well as parents of children with disabilities,
have special planning needs which need to be addressed if the parties
are in the midst of a divorce.
Divorce and Special Needs Planning
top
|
|
| |
|
|
|
|
|
Providing
for a Person
With Special Needs
|
|
An irrevocable special-needs trust is the
best way to provide for a disabled or mentally retarded adult or child
who needs to retain government benefits. Done properly, such a trust
can ensure that the beneficiary will have the things that enrich his
or her life now and after you are gone and still qualify for essential
government benefits such as Social Security and health care.
Kiplinger's Retirement Report, November 2000 archived article
OR check with your public libary
top |
|
|
|
|
|
|
|
How to plan
a secure
future for children with
mental handicaps
|
|
Looking serious under her thick fringe
of bangs, Susannah Eversman talks about her big plans for the future.
Maybe she'll attend college in California, she volunteers, or perhaps
tour with a rock band. But Susannah, 20, is also pretty happy with
the present. Born with Down syndrome, she lives with her family in
a substantial brick house in Naperville, Ill., has a serious boyfriend,
and works part-time at a job she loves, busing tables at a local restaurant.
Kiplinger's Personal Finance, April 1, 2000 archived article OR check with your public library
top |
|
|
|
|
|
|
| |
When
Your Kids Will
Always Be Dependent
|
|
How to assure care for disabled children
read
more...
top |
|
|
|
|
|
|
| |
Creating Housing Choices for Disabled Beneficiaries by the Use
of
Supplemental Needs Trusts
|
|
Article written by Theresa Varnet for the Summer 2002 issue of
the NAELA Quarterly.
Creating
Housing Choices....
top
|
|
|
Home Control
through Estate and Financial Planning |
|
A 60 page booklet on understanding government
benefits, preserving eligibility for government benefits through estate
planning, and planning for residential options for persons with developmental
disabilities, "HOME CONTROL" was originally commissioned
by and funded through a grant from the Illinois and Missouri Planning
Councils on Developmental Disabilities.
The 2004 revised edition is currently available. To request a copy
of "Home Control Through Estate and Financial Planning"
please send request (plus $15.00 S&H) to:
SPAIN, SPAIN & VARNET P.C.
33 N. Dearborn #2220
Chicago, IL 60602
(312) 220-9112
top |
|
|
|
|
|
|
|
|
|
Spain, Spain & Varnet P.C. rewrote this
section pertaining to health insurance to liberalize the standard
for continued coverage for children over the limiting age, typically
graduation from college/age 22, on their parents' medical insurance,
if the child has a disability which prevents the child from obtaining
gainful employment.
For full text of statute, see above
top |
|
|
|
|
|
|
|
755
ILCS 5/11a-18 |
|
Spain, Spain & Varnet P.C. drafted this
new law which permits a guardian, under certain circumstances and
with court authorization, to create an estate plan on behalf of and
in the name of the ward.
For full text of statute, see above
top |
|
|
|
|
|
|
|
|
|
