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


Happy Holidays!


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. Our next free virtual “Estate Planning Essentials” workshop will be on Thursday, December 16, 2021 from 1:00 p.m. until 3:00 p.m. Call (214) 720-0102 to register or sign 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.


Due to so many requests for our article about what to do when a loved one dies, we have now attached a list of 47 things to consider at that time on the home page of our website – www.dallaselderlawyer.com.  


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


Joint Account Owners Become Unhinged When Learning Six Reasons to Not Have a Joint Account

Although joint accounts are often used so that there is always one owner who can handle the assets in the account in the event of the death or disability of the other owner, there are many problems that one should consider before opening a joint account.


2022 Medicaid Income Cap

Increase – QITs No Longer on the Qt


Applicants for long-term care and Star+ Medicaid must be below an income cap as one of the requirements for eligibility, the solution for this is the creation of a Qualified Income Trust (QIT) formerly known as a Miller Trust.






IRS Announces Increase In Amount That Can Be Given In Life And At Death Without Taxation


As of January 1, 2022, you can give up to $16,000 per year, per person without reporting to the IRS and without gift taxation. So, for example, if a married couple with three children wanted to give the maximum to each child, then they could give up to $96,000 ($16,000 x 3 by the husband and $16,000 x 3 by the wife) in year 2022 without reporting to the IRS.






Home Sweet Home – Equity Limit Increased for 2022 Announced


As of January 1, 2022, the homestead equity limit for a Medicaid applicant who is not married and who either applies for the nursing home Medicaid program or “waiver” home care Medicaid program will increase to $636,000.


Michael B Cohen's
Latest Podcasts

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