Michael Cohen Dallas Elder Lawyer |

27 Sep VETERANS AFFAIRS RULES AGAINST TRANSFERS TO GET BENEFITS EVEN THOUGH LAW HAS NOT YET CHANGED

Posted at 19:53h in Disability Benefits, Medicaid Application, Michael Cohen Dallas Elder Lawyer, Veterans

In a somewhat stunning development, many veteran benefits planners are reporting that the Department of Veterans Affairs (VA) has started denying some applications for benefits in cases where the veteran has made a recent transfer to reduce net worth to obtain benefits. For many years...

22 Sep Senate Bill Proposes Penalty for VA Benefits Applicants That Make Transfers within 3 Years before Application

Posted at 18:48h in Disability Benefits, Michael Cohen Dallas Elder Lawyer, Veterans

Senate Bill 3270 has been introduced to require the Secretary of Veterans Affairs (VA) to consider the resources of individuals applying for non-service disability pension that were recently disposed of by the individuals for less than fair market value when determining the eligibility of such...

17 Sep SUPREME COURT DECISION RESULTS IN 3.8% MEDICARE SURTAX FOR SOME TAXPAYERS

Posted at 18:22h in 401(k), Business, Elder Justice, End of Life Care Planning, Estate Planning, Guardianship, Medicare, Michael Cohen Dallas Elder Lawyer, Trusts

The recent Supreme Court decision permitting passage of the Affordable Care Act will result in 3.8% Medicare surtax beginning in January 2013 and will apply to all taxpayers whose income exceeds a threshold amount which effectively raises the marginal tax rate for some. The tax...

13 Sep Could a Child be Responsible for a Parent’s Nursing Home Bill?

Posted at 18:22h in Long Term Care, Medicare, Michael Cohen Dallas Elder Lawyer, Nursing Home, Trusts

Although children are not generally responsible for a parent’s debts, 29 states have passed “filial support” bills whereby adult children can be pursued to pay the bills of their parents including their long-term care bills. A recent appellate court case in Pennsylvania allowed a nursing...