Dallas Elder Lawyer | 2021 October

19 Oct NEW MEDICAID TRANSFER PENALTY DIVISOR ANNOUNCED

Posted at 20:19h in Medicaid by Michael Cohen 0 Comments

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Effective September 1, 2021, the “transfer of assets divisor” in Texas for long-term care Medicaid has increased from $213.71 to $237.93 (which represents the average daily cost of long-term care in Texas). The increased figure applies to Medicaid applications in Texas submitted on or after...

19 Oct SUCCESS STORY OF THE MONTH – AN OUNCE OF PREVENTION IS WORTH A POUND OF CURE

Posted at 20:13h in Guardianship, Medicaid, Success Story of the Month, Wills by Michael Cohen 0 Comments

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Although this is a factual situation where assets are preserved even without proper planning, it is best to plan so the risk is reduced. FACTS: 34-year-old single mother (“Susan”) gets hit by a car while walking in the street. Susan’s injury is so severe that she...

19 Oct USING POWER OF ATTORNEY FOR INTERSPOUSAL TRANSFERS HAS LEGAL ISSUES

Posted at 20:06h in Power of Attorney by Michael Cohen 0 Comments

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Many think by signing a general durable power of attorney that the agent could do anything that the principal (the one who signs the power of attorney) could do. However, the authority of the agent is limited to the extent as permitted by law and...

19 Oct 4 DOCUMENTS USED AT END OF LIFE OR IN CONNECTION WITH MEDICAL DECISIONS

Posted at 19:56h in End of Life Care Planning, Power of Attorney, Wills by Michael Cohen 0 Comments

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Although many are aware of advance directives, there is often confusion as to the difference in various estate planning documents used either at the end of life or in connection with medical decisions. The following is a brief description of this variety of documents and usage: 1. Living...

19 Oct NEW MEDICAID TRANSFER PENALTY DIVISOR ANNOUNCED

19 Oct SUCCESS STORY OF THE MONTH – AN OUNCE OF PREVENTION IS WORTH A POUND OF CURE

19 Oct USING POWER OF ATTORNEY FOR INTERSPOUSAL TRANSFERS HAS LEGAL ISSUES

19 Oct 4 DOCUMENTS USED AT END OF LIFE OR IN CONNECTION WITH MEDICAL DECISIONS

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