12201 Merit Drive Suite 230 Dallas, TX 75251 | (214) 720-0102 Fax: (214) 754-0936

www.dallaselderlawyer.com

Welcome to the January Issue of the

Texas Elder Law E-Letter

HAPPY NEW YEAR!

Our next free “Estate Planning Essentials” workshop will be held on Saturday, February 2, 2019 at 10:00 a.m. to noon. We will also have a workshop on Thursday, February 28, 2019 at 1:00 p.m. to 3:00 p.m. Seating is limited. Call (214) 720-0102 to register or sign up online at www.dallaselderlawyer.com. We begin each workshop by asking “what questions do you have about estate planning or elder law?” Then we proceed to answer your questions over the course of the workshop.

We are also having a “Facebook Live Event” on Saturday, February 9, 2019 at 10:00 a.m. to 11:00 a.m. Attendees of the live webinar (and the “Estate Planning Essentials” workshops) will be eligible for a free one hour vision meeting with Michael B. Cohen. Please RSVP to the “Facebook Live Event” by clicking here and then click “going” to submit your question for Michael B. Cohen (you must be logged in to Facebook in order to RSVP). You may also submit your questions for the “Facebook Live Event” by clicking here.

Also, Michael B. Cohen was selected for the position of Vice-Chair on the board of the North Texas Chapter of the Alzheimer’s Association.

Michael B. Cohen’s radio show on estate planning and elder law can be heard on KAAM (770 AM) every Monday at 2:00 p.m., Tuesday at 1:00 p.m. and Saturday at 2:30 p.m. Prior shows (topics are categorized) can be heard as podcasts on Sound Cloud as indicated on our website www.dallaselderlawyer.com.

MEDICAID BIRD BOX TEN COMMON MISTAKES WHEN APPLYING FOR LONG-TERM CARE MEDICAID

The majority of elderly Americans fail to have long-term care insurance or have adequate assets to be self-insured. As a result, many elderly people rely on Medicaid for long-term care costs.

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FIVE REASONS WHY YOU SHOULD NOT USE A STANDARD FORM FINANCIAL POWER OF ATTORNEY

Approximately 30% of Americans will become disabled or incompetent at some time during their lifetime. A Will only becomes effective at your death – not if you are disabled.

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SUCCES STORY OF THE MONTH - IRREVOCABLE ‡ UNCHANGEABLE

There are several ways to make changes to an irrevocable trust including by court order, agreement of all interested parties, decanting, or by simply exercising a “power of appointment” if retained in the original trust.

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EXCEPTIONS TO MEDICAID ESTATE RECOVERY IN TEXAS - HOW TO PROTECT YOUR HOME, CAR AND OTHER ASSETS FROM REPAYMENTS OF LONG-TERM CARE EXPENSES

There are numerous exceptions to avoid a successful claim by the State to be paid back for benefits (such as nursing home care costs and medications) advanced.

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BUILDING OUR LARGEST DEMENTIA "BOLD" INFRASTRUCTURE FOR ALZHEIMER'S ACT SIGNED BY PRESIDENT

On December 31, 2018, the President signed a bill to amend existing law to increase funding by $100 million for the establishment or support of regional centers to address Alzheimer’s Disease and related dementia.

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