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Edward H Stone

Law Office of Edward H. Stone

Edward H Stone

Law Office of Edward H. Stone

Edward H Stone

Law Office of Edward H. Stone

The Law Office of Edward H. Stone is located at 10 South LaSalle Street, Suite 1230, Chicago, IL. 60603. Mr. Stone has practiced law in the State of Illinois since 1970.

Mr. Stone received his Juris Doctor Law Degree in 1969 from DePaul University College of Law and his L.L.M. in Taxation in 1982 from The John Marshall Law School.

Mr. Stone is currently a member of The Chicago Bar Association, The State of Illinois Bar Association, The American Bar Association, The Chicago Estate Planning Council and National Association of Elder Law Attorneys.

Mr. Stone is a member of the Probate Practice, Trust and Elder Law committees of The Chicago Bar Association.

The Law Office of Edward H. Stone was founded in 1980 in Chicago, Illinois and limits its practice to the following areas of law:

  • Financial and Estate Planning.
  • Wealth Preservation and Asset Protection.
  • Preparation of Wills & Living, Testamentary, Personal and Charitable Trusts.
  • Probate and Guardianship Estate Administration.
  • Elder Law.
  • Contested Probate Estate Matters, including Will Contests.
  • General Corporate Matters, including organization of and counsel to Limited Liability Corporations.
  • Individual and Federal Estate Taxation and Preparation of 1040's, 1041's and 706 forms.
  • Real Estate Matters, including residential and commercial real estate closings.

Firm Description

  • Estate and Financial Planning including the preparation of Wills, Living and Testamentary Trusts, Heath Care Powers of Attorney, Living Wills and Durable Powers of Attorney for Property.
  • Probate Administration, for Decedent and Guardianship Estates, Probate Litigation and Will Contests
  • Elder Law.
  • Real Estate Law, including Residential and Commercial Real Estate Closings.
  • Individual Income and Federal Estate Taxation.
  • Business Organizations, including organization and counsel for Limited Liability Corporations.


Hours

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Cost

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What Is an Elder Law Attorney?

Main Office

10 South LaSalle Street
Suite 1230
Chicago, IL 60603

On the web

View Firm Website


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.

READ MORE
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.

READ MORE
Guardianship/Conservatorship

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

READ MORE
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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