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 ...
Private pay methodsVeterans benefitsMedicaidMedicare Private pay methods for Chicago nursing homes To pay for Chicago nursing homes or other senior care options for your loved one, first consider the income your loved one receives, including Social Security benefits, savings, pensions, or investments....