Having the proceeds from a life insurance policy owned by an ILIT can help protect the benefits of a trust beneficiary who is receiving government aid, such asSocial Securitydisability income orMedicaid. The trustee can carefully control how distributions from the trust are used so as not ...
When Medicaid in Illinois will pay for a nursing home, assisted living, or home health care. NOLO. General Requirements for Nursing and Personal Care, Joint Committee on Administrative Rules § 300.1210 (2011). Nursing Home Care Act, Illinois General Assembly Health Facilities and Regulation § ...