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$250,000 FDIC Insurance Now Permanent

$250,000 FDIC Insurance Now Permanent On July 21, 2010, as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the current maximum FDIC deposit insurance amount was permanently raised to $250,000.   FDIC insurance covers all deposit accounts at insured banks and savings associations up to the insurance limit.  The FDIC does not insure…

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Supporting Siblings of People with Disabilities: The Forgotten Family Members

Supporting Siblings of People with Disabilities: The Forgotten Family Members Sponsored by Arc of Illinois In partnership with the Institute on Disability and Human Development at UIC and Supporting Illinois Brothers and Sisters (SIBS) Date;  November 15, 2010 Time: 9:00 – 4:00 Location: College of DuPage                    425 Fawall Blvd.                    Glen Ellyn, IL 60137…

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An Irrevocable Trust that Protects your Assets from Probate, Creditors, and Medicaid

An Irrevocable Trust that Protects your Assets from Probate, Creditors, and Medicaid Among the misconceptions, I hear from clients, the following is one of the more troubling: a revocable living trust provides not only creditor protection, but also serves to shield trust assets from being counted by Medicaid should they need long-term care.   Revocable living…

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Alert! Potential Coverdell Education Savings Accounts (ESA) Changes

Alert!  Potential Coverdell Education Savings Accounts (ESA) Changes Coverdell Education Savings Accounts (CESAs) aid families in saving for elementary through college education expenses.  Several changes to the ESA were implemented in 2002, including: contributions of $2,000 per year, per beneficiary, and coverage of expenses from kindergarten though high school.  However, these improvements will expire at…

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