OBRA Special Needs Trusts

Elder Law Attorney Preparing OBRA Trusts

A few years of nursing home care can destroy a lifetime of sound financial planning. If you anticipate that you will spend time in a nursing home, or if someone you love will be entering a nursing home in the near future, come to the law firm of Carol A. Nolan, Attorney at Law.

Extensive Experience Addressing the Legal Concerns of Illinois Seniors

Ms. Nolan has extensive experience addressing the legal concerns of seniors in Illinois. For the duration of her legal career, she has practiced exclusively in areas of the law that affect seniors - elder law and estate planning. She handles legal matters in probate court, so she is very familiar with the special rules governing probate, estates, and related issues.

What are OBRA Trusts?

Although OBRA trusts have been available since 1993, few truly understand them. OBRA trusts allow people to set aside assets, protecting them from consideration in an application. This protection from consideration reduces the value of assets reported on the application, allowing many people to qualify for assistance who otherwise would not.

Upon the death of the person creating the OBRA trust, the state receives payback for any assistance from the remains of the trust - if any funds remain. By creating an OBRA trust, a person can continue to use their assets for day-to-day living expenses, rather than pouring everything into nursing home care.

Contact Carol A. Nolan, Attorney at Law Today

If you have questions or concerns related to OBRA Trusts, contact Ms. Nolan today at 630-668-6600 to schedule a confidential consultation.