Author: Michael B. Cohen

11 Apr Future Success Story Of The Month? Will A QLAC Within An Ira Become The Latest Tool To Save Money In Care Costs?

Posted at 13:01h in End of Life Care Planning, Long Term Care, Medicaid Planning, Retirement, Success Story of the Month

Recent changes under the Secure Act 2.0 that became effective January 1, 2023 may make a QLAC (Qualified Longevity Annuity Contract) a planning option for long-term care Medicaid which helps pay for nursing care and care at home. A QLAC is an annuity within your retirement...

10 Apr Who Is Eligible For Free Care At Home?

Posted at 13:08h in Long Term Care, Medicaid Planning, Medicare, Short Term Care

There are several public benefit programs whereby the government will pay for caregivers to come to where you reside. Many are familiar with Medicare that pays for various therapists after a hospitalization stay, but many are unaware that Medicaid has a couple of programs that...

09 Mar Elvis and Lisa Marie Presley’s Estate Planning Mistakes – Should They Have Had “Suspicious Minds” So Their Estates Wouldn’t Be “all Shook Up”?

Posted at 11:21h in Estate Planning, Trusts

Elvis Presley, the King of Rock n’ Roll, trusted his manager and promoter, Colonel Tom Parker. Maybe he shouldn’t have. Elvis named his trustworthy father (Vernon) who was in poor health and elderly as the executor (without an alternate) of his will. That was a...

08 Mar 9 Documents Other Than a Will to Consider in Estate Planning

Posted at 11:12h in Estate Planning, Financial Powers of Attorney, Power of Attorney, Wills

Most people think of a will when it comes to estate planning, but there are many other documents to consider in basic estate planning depending on your individual situation. This list of documents (exclusive of a will) includes, but is not limited to, the following: Financial...

07 Mar Will Charles Manson’s Helter-skelter Estate Battle Be Coming to a Dead End?

Posted at 11:02h in Beneficiary, Estate Planning

The battle over the estate of notorious murderer Charles Manson (who died in 2017) may soon be finally coming closer to a conclusion. However, it is likely that the hearing (set for later this month) will only get one step closer to finalization. Three people...

31 Jan Bill Passed For ABLE Account Age Adjustment

Posted at 10:39h in Estate Planning

There is good news for those who are on Supplemental Security Income and Medicaid and who were disabled between ages 26 and 46. As of January 1, 2025, those who were disabled prior to ae 46 can establish an ABLE account and the funds will...

31 Jan Enacted Bipartisan Bill Encourages Retirement Savings – 10 Key Provisions

Posted at 10:31h in Retirement

Americans, particularly workers with lower earnings, are not saving enough for retirement as many live paycheck to paycheck. As part of the spending bill signed by President Biden on December 29, 2022, there are various incentives ranging from emergency savings options to tax incentives and...

31 Jan 15 Ways To Avoid Guardianship Of The Estate

Posted at 10:28h in Estate Planning, Guardianship

Guardianship is often needed for an incapacitated person, but it is an expensive legal process which should be avoided if possible. Thus, planning should be considered as an alternative to guardianship. Texas law defines an “incapacitated person” as: 1) a minor; 2) an adult, who...

31 Jan 6 Advantages And Disadvantages Of A Will And A Revocable Living Trust

Posted at 10:24h in Trusts, Wills

There is much debate among Texas attorneys as to whether it is better to have a Last Will and Testament or a Revocable Living Trust in estate planning. The simple answer is that it depends on the facts, your goals, the type of assets, cost...

Author: Michael B. Cohen

11 Apr Future Success Story Of The Month? Will A QLAC Within An Ira Become The Latest Tool To Save Money In Care Costs?

10 Apr Who Is Eligible For Free Care At Home?

09 Mar Elvis and Lisa Marie Presley’s Estate Planning Mistakes – Should They Have Had “Suspicious Minds” So Their Estates Wouldn’t Be “all Shook Up”?

08 Mar 9 Documents Other Than a Will to Consider in Estate Planning

07 Mar Will Charles Manson’s Helter-skelter Estate Battle Be Coming to a Dead End?

31 Jan Bill Passed For ABLE Account Age Adjustment

31 Jan Enacted Bipartisan Bill Encourages Retirement Savings – 10 Key Provisions

31 Jan 15 Ways To Avoid Guardianship Of The Estate

31 Jan 6 Advantages And Disadvantages Of A Will And A Revocable Living Trust

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Author: Michael B. Cohen

11 Apr Future Success Story Of The Month? Will A QLAC Within An Ira Become The Latest Tool To Save Money In Care Costs?

10 Apr Who Is Eligible For Free Care At Home?

09 Mar Elvis and Lisa Marie Presley’s Estate Planning Mistakes – Should They Have Had “Suspicious Minds” So Their Estates Wouldn’t Be “all Shook Up”?

08 Mar 9 Documents Other Than a Will to Consider in Estate Planning

07 Mar Will Charles Manson’s Helter-skelter Estate Battle Be Coming to a Dead End?

06 Mar Success Story Of The Month Medicaid’s Love It Or List It?

31 Jan Bill Passed For ABLE Account Age Adjustment

31 Jan Enacted Bipartisan Bill Encourages Retirement Savings – 10 Key Provisions

31 Jan 15 Ways To Avoid Guardianship Of The Estate

31 Jan 6 Advantages And Disadvantages Of A Will And A Revocable Living Trust