Legal Anatomy - Simple Wills Could Lead To Big Problems | 10-4-22
Dallas Elder Law Attorney
by Michael Cohen
3w ago
Although it is good to have a Will, protection of the beneficiary or beneficiaries from a variety of possibilities. (1) Being disabled, (2) having creditor issues, (3) having an addiction, (4) marital problems, (5) being a minor, (6) potentially losing public benefits, (7) being a spendthrift, (8) having tax concerns ..read more
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Extra Options To Include In Financial Powers Of Attorney | 11-1-22
Dallas Elder Law Attorney
by Michael Cohen
3w ago
Statutory form financial durable powers of attorney do not include all powers of the agent. Numerous additional provisions are discussed to give extra authority to the agent to meet the goals of the principal ..read more
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Ladybird Deeds Vs. Transfer On Death Deeds | 10-25-22
Dallas Elder Law Attorney
by Michael Cohen
3w ago
Advantages and disadvantages of Ladybird (enhanced life estate) deeds in comparison to transfer on death deeds are discussed ..read more
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Common Mistakes Of Executors | 10-18-22
Dallas Elder Law Attorney
by Michael Cohen
3w ago
Mistakes commonly made by Executors (the person who is to handle collecting the assets of the deceased, paying all debts, expenses, and taxes of the deceased or the estate of the deceased), and distributing the assets (pursuant of the Will) can be avoided by knowing these errors ..read more
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Exceptions To Long Term Care Medicaid's Transfer Penalty Rules | 10-11-22
Dallas Elder Law Attorney
by Michael Cohen
3w ago
Long-term Care Medicaid (which helps pay for nursing home or at home care and drug costs) has a 5 year look back period to determine if an applicant made an uncompensated transfer to be eligible for governmental benefits. If such a transfer was made, the applicant could penalized resulting in a private pay requirement. This podcast discusses some of the exceptions to the rule ..read more
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10 Common Questions on When to Make a Distribution from Your IRA | 8-16-2022
Dallas Elder Law Attorney
by Michael Cohen
3w ago
Timing of distributing and to whom distributions are made are critical in tax deferred growth, charitable gifting, potential public benefits, additional taxation, and other issues ..read more
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No Capacity, No Medical Power Of Attorney - No Problem | 9-6-22
Dallas Elder Law Attorney
by Michael Cohen
3w ago
Texas law permits surrogates to act and make medical decisions on behalf of a patient under certain conditions even if the patient has not signed a Medical Power of Attorney. This podcast describes the conditions and who can act as a surrogate ..read more
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You Don't Need To Get Divorced To Get Long - Term Care Medicaid | 9 - 13 - 22
Dallas Elder Law Attorney
by Michael Cohen
2M ago
As a result of certain federal and state laws, divorce is not needed to obtain eligibility for the government to pay for skilled care at home or at a nursing home. This podcast describes the requirements and how eligibility could be obtained so that the well spouse has assets to live for the remainder of his or her life ..read more
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10 Common Mistakes When Completing a Nursing Home Medicaid Application | 8-23-22
Dallas Elder Law Attorney
by Michael Cohen
2M ago
Since many do not have adequate insurance for long-term care (i.e., nursing home care or care at home) and Medicaid eligibility is important to pay for such care, it is often critical to reduce risk in preparing an application. Common mistakes are discussed so that errors could be avoided ..read more
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Gut Reaction - Your Gut Health May Affect Your Brain Health | 8 - 9-22
Dallas Elder Law Attorney
by Michael Cohen
2M ago
The health of your stomach may affect your brain according to recent research in potential causes for dementia ..read more
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