Guardianship

23 Aug Gift of Appreciated Assets to Elderly Parent Could Save You Taxes – Gain Without Pain?

Posted at 09:45h in Beneficiary, Estate Planning, Guardianship, Inheritance, Michael Cohen Dallas Elder Lawyer, Taxes

Share

• 
• 
• 

Avoiding capital gains tax is often considered in estate planning. Now some are considering “upstream planning” when a child has highly appreciated assets and his or her elderly parent does not have a taxable estate (for estate tax purposes). Generally, if you own an asset (i.e.,...

Read More

04 Apr Free Wendy Williams?

Posted at 15:12h in Estate Planning, Guardianship, Power of Attorney

Share

• 
• 
• 

The recent Lifetime Network documentary series on the famed daytime television talk show host, Wendy Williams, has again put the spotlight on guardianship. A couple of years ago, Britney Spears conservatorship was in the limelight until she was “freed”. The cases are clearly different as...

Read More

12 Apr 12 Ways To Transfer Real Estate On Death In Texas

Posted at 12:55h in Estate Planning, Guardianship, Lady Bird Deed, Trusts

Share

• 
• 
• 

There are numerous ways to transfer real estate upon death depending on the facts and the type of planning – if any. The following are 12 of the ways property is transferred at death: Executor’s Deed. When the deceased has a will that has been admitted to...

Read More

31 Jan 15 Ways To Avoid Guardianship Of The Estate

Posted at 10:28h in Estate Planning, Guardianship

Share

• 
• 
• 

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...

Read More

09 Jun Call Me Irresponsible – Should A Child Be Required To Pay For Parent’s Care?

Posted at 13:01h in Assisted Living, Elder Justice, Guardianship, Long Term Care

Share

• 
• 
• 

A child often relies on his or her parents until adulthood is reached. So, does the child have a duty to support his or her parents if they are no longer able to provide for themselves? The answer may depend on where the child and...

Read More

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

Posted at 20:13h in Guardianship, Medicaid Planning, Success Story of the Month, Wills

Share

• 
• 
• 

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...

Read More

18 Aug THREE GOVERNMENT PROGRAMS THAT HELP PAY FOR CARE AT HOME

Posted at 23:34h in Assisted Living, Estate Planning, Guardianship, Michael Cohen Dallas Elder Lawyer, Uncategorized

Share

• 
• 
• 

Even prior to the pandemic, most prefer to stay at home as long as possible if they should need long-term care. The increase in Covid variants has caused renewed and even greater interest for alternativesto care at long-term care facilities and the desire of many to stay at home due to safety concerns....

Read More

12 Jul BRITNEY SPEARS TO COURT: “BABY, ONE MORE TIME”? CLAIMS CONSERVATORSHIP “TOXIC”

Posted at 19:01h in Business, Guardianship, Lawsuits, Music, Uncategorized

Share

• 
• 
• 

The continuing 13-year-old conservatorship saga of Britney Spears to free her of having her father run her personal and professional life has put financial and civil rights abuse in guardianship and conservatorship (California conservatorship is similar to guardianship in Texas) in the national spotlight. After...

Read More

09 Sep CONSERVATORSHIP OVER BRITNEY SPEARS $59 MILLION ESTATE EXTENDED

Posted at 15:44h in Guardianship

Share

• 
• 
• 

A California judge has recently ruled that conservatorship (which in Texas would be considered guardianship) over Britney Spears and her $59 million estate be extended until 2021.  Spears (who has mental health issues and has been under conservatorship since 2008) cannot be in control of her...

Read More

11 Aug 16 WAYS TO AVOID GUARDIANSHIP OF THE ESTATE

Posted at 20:29h in Guardianship, Power of Attorney, Trusts

Share

• 
• 
• 

Guardianship if often an expensive legal process which should be avoided if possible.  Thus, planning should be considered as an alternative to guardianship.  Guardianship is often needed for an incapacitated person.  Texas law defines an “incapacitated person” as: a minoran adult, who because of a physical or mental condition,...

Read More