Legal Question in Elder Law in Illinois

I am taking care of my mother last 8 years, being senior myself with very small ss check, we started thinking

about immediate annuities for me, the money would come from my mother account. What should we do to

make this happen.


Asked on 12/10/18, 2:18 pm

1 Answer from Attorneys
Jonathan Shimberg Shimberg and Crohn, P.C.

Before you jump into the annuities, be wary as the seller will get a large commission. You should talk to a fee based financial planner who is not trying to sell you something/ Or go to more than one seller of annuities before you buy. There mat be other ways to accomplish what you and your mother want, A lawyer who understands this area of the law probably would be of grreat assistance.

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Answered on 12/11/18, 4:29 am


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