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David A. Charous J.D., C.P.A.,

Law Offices of David A Charous LLC

David A. Charous J.D., C.P.A.,

Law Offices of David A Charous LLC

David A. Charous J.D., C.P.A.,

Law Offices of David A Charous LLC

ESTATE PLANNING CONSULTING: David consults with individuals regarding their estate planning needs, which may range from the preparation of simple Wills, Revocable Living Trusts and advanced directives (such as Powers of Attorney for Health Care and Personal Property), to more sophisticated multi-generational planning involving generation-skipping transfers, business succession planning, planning for individuals with special needs and charitable planning. David is pleased to consult with younger families who wish to implement estate plans for the benefit of their young or newborn children, as well as families both contemplating and enjoying their retirement years. David is also happy to review existing plans to determine whether such plans meet the current needs of individuals or whether such plans need to be updated in order to conform to existing laws (including tax laws) and today's recommended strategies. 

ELDER LAW: David frequently consults with the families of our society's most vulnerable people: our elders. Issues frequently dealt with involve planning for early and late stage dementia, housing alternatives for the elderly, Medicaid planning for elders with modest estates and planning for possible guardianship proceedings. The Law Offices of David A. Charous, LLC, takes a multidisciplinary approach to these issues by working and collaborating with professionals in our network of highly regarded geriatric care managers, assisted living professionals, and medical personnel. Being a CPA, David also provides seniors with timely tax information and tax strategies unique to the elderly population.

ESTATE ADMINISTRATION: David is frequently retained to render post-death administration services which involve probate proceedings, preparation of Federal and State income and estate tax returns and post-death tax planning. In addition, David also represents beneficiaries of estates with respect to accounting and proper estate/trust administration issues.

Firm Description

The Law Offices of David Charous is a boutique law firm concentrating its practice in the fields of estate planning, estate administration, probate, elder law, federal income and estate taxation and general corporate law.

Our goal is to provide the highest quality legal services to our clients at affordable prices. As our law office is a firm believer in "client education", our clients are always kept up to date on recent developments in the estate planning, estate administration and income tax areas.

In light of the aging population in the United States, the increasing complexity of tax laws, and the need to address a multitude of family issues, estate planning is more important than ever before. Post-death estate administration is also becoming more challenging, as Executors of estates and Trustees of trusts are facing more complex issues pertaining to:

1) the maintenance, preservation and investment of estate and trust assets;
2) burdensome estate and trust income tax reporting issues, and
3) increasing demands of estate and trust beneficiaries.

With over 20 years of estate planning, estate administration and federal income, estate and gift tax experience, our law firm can assist you in meeting these challenges.

Clients represented by the Law Offices of David Charous, Ltd. live throughout the Chicagoland area, including the Northern, Northwest and Western suburbs of Chicago. In addition, we represent clients living in the collar counties of DuPage County, Illinois; Lake County, Illinois; and McHenry County, Illinois.

Hours

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Cost

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What Is an Elder Law Attorney?

Main Office

5 Revere Drive
Suite 200
Northbrook, IL 60062

On the web

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Medicaid 101
What Medicaid Covers

In addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.

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How to Qualify for Medicaid

To be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.

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Medicaid’s Protections for Spouses

Spouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.

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What Medicaid Covers

In addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.

READ MORE
How to Qualify for Medicaid

To be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.

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Medicaid’s Protections for Spouses

Spouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.

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Medicaid Planning Strategies

Careful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.

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Estate Recovery: Can Medicaid Take My House After I’m Gone?

If steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.

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Help Qualifying and Paying for Medicaid, Or Avoiding Nursing Home Care

There are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.

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Are Adult Children Responsible for Their Parents’ Care?

Most states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.

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Applying for Medicaid

Applying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.

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Alternatives to Medicaid

Medicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.

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ElderLaw 101
Estate Planning

Distinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.

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Grandchildren

Learn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.

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Guardianship/Conservatorship

Understand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.

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Health Care Decisions

We need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these.

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Estate Planning

Distinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.

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Grandchildren

Learn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.

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Guardianship/Conservatorship

Understand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.

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Health Care Decisions

We need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these.

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Long-Term Care Insurance

Understand the ins and outs of insurance to cover the high cost of nursing home care, including when to buy it, how much to buy, and which spouse should get the coverage.

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Medicare

Learn who qualifies for Medicare, what the program covers, all about Medicare Advantage, and how to supplement Medicare’s coverage.

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Retirement Planning

We explain the five phases of retirement planning, the difference between a 401(k) and an IRA, types of investments, asset diversification, the required minimum distribution rules, and more.

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Senior Living

Find out how to choose a nursing home or assisted living facility, when to fight a discharge, the rights of nursing home residents, all about reverse mortgages, and more.

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Social Security

Get a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI.

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Special Needs Planning

Learn how a special needs trust can preserve assets for a person with disabilities without jeopardizing Medicaid and SSI, and how to plan for when caregivers are gone.

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Veterans Benefits

Explore benefits for older veterans, including the VA’s disability pension benefit, aid and attendance, and long-term care coverage for veterans and surviving spouses.

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