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Estate Planning Assistance
Programs that offer a review of options and assistance to people who want to provide for the administration and/or protection of their assets during their lifetime, develop a plan for managing their finances in the event of a disabling illness, prepare binding instructions for the health care they wish to receive or avoid should they become terminally ill, make arrangements for the disposition of their assets with a minimum amount of taxation upon their death and provide for the administration of their estate should their spouse or other beneficiaries be incapable of managing their affairs. Estate planning provides an opportunity for individuals to make their wishes known and to name the person(s) who will be responsible for carrying out those directives. Tools available during the estate planning process include a Last Will and Testament, durable power of attorney for health care, durable financial power of attorney and a directive to physicians such as a living will, natural death directive or other state-recognized document. A revocable living trust may also be appropriate in some circumstances.
Illinois Department on Aging
Location: Springfield, IL; Chicago, IL
Website: http://www.state.il.us/aging
Phone: 217.785.2870
Distributes federal and state funds to thirteen Area Agencies on Aging which reallocate the money to serve older people.
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United States Railroad Retirement Board
Location: Joliet, IL
Website: www.rrb.gov
Phone: 877.772.5772
The Railroad Retirement and the Railroad Unemployment Insurance Acts provide income protection during old age and in the event of disability, death, or temporary unemployment and sickness.
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