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

www.dallaselderlawyer.com

Welcome to the November Issue of the

Texas Elder Law E-Letter

Thank you to all those who participated (whether a donor or if you actually walked as part of our walk team, Michael’s Marchers) in the Walk to End Alzheimer’s in October. Special thanks to KAAM 770 and the Percy Fund for their very generous contribution to our team. There is still time to contribute to our team, if interested, click here. We were a top 10 fundraiser last year. A photo of some of our team who braved a rainy day is part of this newsletter.

Our next free “Estate Planning Essentials” workshop will be held on Thursday, November 15, 2018 from 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 will also have a workshop on Saturday, December 15, 2018 at 10:00 a.m. and a FaceTime Live event on January 19, 2019. We begin each workshop by asking “what questions do you have about estate planning or elder law?”

Also for our estate planning clients who are not presently “maintenance members” (with numerous benefits ranging from a free annual meeting to free phone calls and changes to existing documents as well as other valuable benefits), we are offering a special limited time option to join as a maintenance member if you join before the end of the year. If interested or if you want to find out more, please call (214) 720-0102.

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 on Sound Cloud as indicated on our website www.dallaselderlawyer.com.

SUCCESS STORY OF THE MONTH – THERE IS NO TIME LIKE THE PRESENT

The following case is an example of how an entire estate was preserved for the benefit of an ill spouse and then for the children after her passing. The total savings were realized as of the date of the wife’s recent passing.

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NINE THINGS TO CONSIDER BEFORE NAMING YOUR IRA BENEFICIARY

You would think naming a beneficiary of your IRA is the only thing you need to do right? Here are several planning considerations so that your beneficiaries can be protected.

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2019 PROJECTED MAXIMUM RESOURCE LIMITS FOR VA BENEFITS AND SPOUSAL MEDICAID

As we live longer, there is a greater likelihood of disability and the need for long-term care. However, most Americans have inadequate resources for such care.

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SOCIAL SECURITY RECIPIENTS TO RECEIVE 2.8% INCREASE IN 1029 – BUT IS THAT FAIR TO SENIORS?

Social Security beneficiaries will receive the highest increase (2.8%) in benefits in seven years based on the cost of living adjustment.

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AGENCY UNDER A POWER OF ATTORNEY: SERVICE BY SOME BUT AGENT ORANGE TO OTHERS

Financial powers of attorney are commonly used to give authority to a trusted individual (the “Agent”) to handle assets of the one who signed (the “Principal”) the power of attorney.

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