Welcome to the May Issue of the
Texas Elder Law E-Letter

 
 
 

Our office is now open. We are giving options to meet in person or virtually (phone calls, audio/video meetings, etc.) as we continue to follow CDC guidelines. We will alternate between live and virtual workshops initially. Registration for our next virtual workshop (which will be May 19, 2022 from 10:00 a.m. until noon) by calling us or signing up online at www.dallaselderlawyer.com.

 

Attendees often ask questions about estate planning, probate, Medicaid and Veterans benefits. We proceed to answer the questions over the course of the workshop. Our goal is to make it easy for you to attend from the comfort of wherever you reside.

 
 

As a result of COVID, we have added a link to our website www.dallaselderlawyer.com that provides the percentage of residents and staff at nursing facilities that have been vaccinated (besides rating of quality of care, whether they accept Medicare, Medicaid, etc.).

 

We have also added a link to our website www.dallaselderlawyer.com from the Veterans Administration allowing you to ask questions about VA services and benefits.

 

Please note that Michael B. Cohen’s radio show on estate planning and elder law can be heard on KAAM (770 AM) on Mondays and Tuesdays at 1:00 p.m. and Saturday at 10:00 a.m. Prior shows (topics are categorized) can be heard as podcasts on SoundCloud and as indicated on our website www.dallaselderlawyer.com. Our podcasts can also be heard on Spotify and Apple Podcasts. Subscribe to be notified of future releases. 

 
 

 

Michael B Cohen's Latest Blogs

 
 
 

 

 

 

Nine Exceptions To Lender Forcing Payment Or Foreclosing On Your Home When You Make A Transfer

 

Whenever you borrow from a bank or other lender to purchase residential real estate or borrow against the equity, it is typical that there is a “due-on-sale” clause in your deed of trust or mortgage. This gives the lender the ability to require full payment on your note balance for the loan or foreclose on your residential real estate property if you made a transfer without the lender’s prior consent.

 

 
 
 

Success Story of the Month – “Where’s The Beef When We Saved Their Bacon?”

 
Who says you can’t save more than the “maximum”? This case illustrates how you can protect more assets than the “maximum” pursuant to long-term care Medicaid rules.
 
 
 

 
 

‘Til Death Do Us Part – And Then My Marriage Can Be Voided

 

You have probably heard stories when someone who is very old marries their caretaker or someone significantly younger (do you remember Anna Nicole Smith?) – especially when the older “spouse” has significant assets. However, you probably are not aware that Texas law permits a marriage to be declared void after one dies.

 

 
 

 

 

 

Three Reasons Why Revocable Living Trusts Should Not Be Used For Long-term Care Medicaid

 

Revocable living trusts are useful in estate planning for many different reasons (avoidance of probate, privacy, quick transition of an on-going business, etc.) but there are only limited situations when they are helpful in planning for long-term care Medicaid which helps pay for nursing home or at-home care in addition to drug costs. Three reasons not to use revocable living trusts are as follows:

 

 
 
 
Michael B Cohen's
Latest Podcasts
 
 
 
 

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