Naperville Estate Planning Lawyer
Law Firm OverviewAt Kabbe Law Group, LLC, we assist our clients with elder law, Medicaid eligibility and crisis Medicaid planning, veteran’s benefits, estate planning, special needs trusts, asset protection, business succession planning, and high net worth estate planning including charitable planning and planning for art collections.
Elder law and estate planning are about making sure that your ship is seaworthy. We want to provide you with the foundation you need to get you and your family to your destination—and weather any storms you run into along the way.
Areas of Law
Additional Areas of Law: Special Needs Trusts; Charitable Planning; Medicaid Planning; Veterans Benefits; Guardianship; Trust Administration; Trust and Estate Litigation; Estate and Incapacity Planning; High Net Worth Planning; Business Succession Planning.
Areas of Law Description
Kabbe Law Group, LLC provides legal representation and services in the following areas of practice:
- Estate Planning
Our law firm offers a variety of estate plans to help you reach your goals for your family. The right planning gives you the confidence that you will be able to deal with whatever happens along the way. And there are several legal documents that everyone should take with them on their life journey.
- Wills and Trusts
The first thing that often comes to mind when discussing estate planning is deciding what happens to your assets when you pass away. Two of the most common ways to do this are by preparing a will or revocable living trust.
- Powers of Attorney
These important documents allow you to face any potential incapacity on your own terms. A financial power of attorney lets your agent handle your affairs, avoiding a long, expensive, and intrusive guardianship process in Probate Court. A health care power of attorney identifies the person you want to make your health care decisions if you are incapacitated, rather than relying on Illinois law to choose the person (or people) for you.
- Special Needs Trusts
A special needs trust is designed to benefit someone who has a disability and is currently, or may sometime in the future, receive public benefits. Having a special needs trust can make a big difference in your loved one’s quality of life.
- Living Wills
A living will is like a cheat sheet for your health care decision maker. When you make a living will, your family will know your intentions on the use of life sustaining treatment.
- Guardianship of Minor Children
Most parents, if they have done anything at all, have named guardians for their children in their wills. But that plan leaves a gap, between the time a guardian is first needed and whenever the Probate Court gets around to looking at the will. Special purpose guardianship documents fill that gap. Every parent of minor children should have them.
- Planning for Blended Families
A blended family, where one or both parents have children from a prior relationship, often presents added complexity in the planning process because the risk of certain “bad” outcomes such as accidental disinheritance is higher.
- Planning for Divorce
Any divorced parent will probably tell you that, like most things in life, divorce is more of a journey than a destination. And that special journey requires more than just a generic estate plan.
- Asset Protection
Asset protection makes particular sense for business owners and those at high risk of frivolous lawsuits, such as doctors and dentists. But anyone who is concerned about lawsuits or creditors can benefit. One important note: asset protection isn't something you put in place when a lawsuit is imminent. So plan ahead.
- Medicaid Asset Protection
Long term care costs can wipe out a nest egg in a year or two. Planning ahead with an eye toward Medicaid benefits can help keep that nest egg safe and sound.
- High Net Worth Estate Planning
Money doesn't make the world go around. But it certainly can do a lot of good for a lot of people — family, good friends, worthy causes. A wise person once said, “Give me a lever long enough and a place to stand, and I will move the world.” The lever that most easily moves your high net worth estate is time.
- Estate Tax Planning
Uncle Sam is the number one beneficiary of many estates followed closely by the motley band down in Springfield. With plenty of foresight, you can disinherit the IRS and leave your estate to the people or charities you choose.
- Irrevocable Life Insurance Trust (ILIT)
Many people don’t realize that life insurance is included in their estate for estate tax purposes. In other words, there are many families who qualify as “high net worth” but don’t know it! An ILIT can remove the life insurance from your estate and help protect the proceeds from a variety of wealth killers.
- Art and Collections
As collectors ourselves, we understand the strong attachment that many collectors feel toward their art or other collectibles. No one knows your collection, or your desires for it, better than you do. Your estate plan should reflect that.
- Business Succession
Estate planning for a business can seem so easy. Your attorney asks you to list everything you own on an Assets questionnaire. In the box at the bottom labeled “Other” you write “closely held business” and fill in the value.
- Charitable Planning
Charitable planning is first and foremost about helping your philanthropic causes. And through the use of advanced estate planning techniques you and your charities can get more out of the giving you’re already doing. Your favorite charities can get a significant boost from your charitable planning.
- Elder Law
Hardly anyone wakes up in the morning and decides “I became a senior citizen today, so it’s time to make some changes.” But the reality is that by the time someone realizes they need help or, usually, their family realizes, it’s often too late to fix any problems easily. The challenges come with the territory from being older: living on a fixed income; increasing medical bills; assisted living or nursing home care; and loss of capacity.
- Elder Disability Planning
The sad reality is that many families do not look into disability planning until after an incident has stripped the capacity from an aging loved one. Failure to plan can result in an unnecessary and expensive guardianship, the loss of the ability to qualify for veterans benefits, and fewer options for long-term care planning.
- Guardianship of Disabled Adults
When someone needs help with paying bills or managing their affairs, a power of attorney may get the job done. But sometimes, due to either disability, illness, or advanced age, a person cannot manage their own affairs or make good decisions.
- Veterans Pension
For those facing declining health and strained resources, the VA Pension can be a difference maker. The difference between hiring the caregivers that are desperately needed or relying on a spouse who may be declining also. The difference between staying in your own home or being forced into a nursing home on Medicaid.
- Life Care Planning
Elder law is about more than just protecting assets and applying for benefits. It’s about maximizing your loved one’s total well-being. That’s where life care planning comes in. We help your elder, disabled, or chronically ill loved one find, get, and pay for the right care.
- Medicaid Planning
Nursing home expenses can be like the stream that carves the deep canyon. Each bill isn’t catastrophic. But two or three years later you look back and wonder where all the money went. There are four basic ways that people pay for in-home care, assisted living, or nursing home care: Private Pay; Long Term Care Insurance; Medicare; Government Benefits Programs. We never know if we will run into bad weather on our life journey.
- Veterans Aid and Attendance Pension
Millions have served our county in the armed forces. But most don’t know that they may qualify for a veteran’s pension from the Department of Veterans Affairs that could pay them up to $1,949 each month. For those facing declining health and strained resources, the VA Pension can be a difference maker.
A guardian is someone with legal authority to make decisions for another person (who is called the ward). A person may need a guardian due to being a minor, having an illness or disability, or incapacity. The guardianship process is a judicial one. A guardian is initially appointed by the court.
- Probate and Estate Administration
When a loved one passes away, their estate needs to be administered. That means transferring their assets according to their estate plan, as well as wrapping up some of the loose ends from their life. How the estate will be handled is determined by the type of asset and the estate planning steps your loved one took during their lifetime.
- Trust Administration
A trust goes through several phases during its life. And at the transition points between those stages, there is some administrative work to be done.
- Trust and Estate Litigation
Whenever there are large amounts of money and other property in motion, there’s a chance for mistakes or outright wrongdoing. When that happens, litigation is often the only way to solve the problem. We represent trustees, executors, administrators, beneficiaries, heirs, and other interested parties in a variety of trust and estate conflicts.
Mr. Jeffrey Kabbe
Business Formation, Business Law, Commercial Law, Computer and Software, Contracts
Ms. Natalia Kabbe
Art and Culture, Elder Law, Estate and Trust, Estate Planning, Inheritance Law
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