Welcome to the July Issue of the
Texas Elder Law E-Letter

Our next free Estate Planning Essentials Workshop will be live on Saturday, July 15, 2023 at 10:00 a.m. until noon. Registration can be made by calling us at (214) 720-0102 or signing up online at www.dallaselderlawyer.com.


Attendees often ask questions about estate planning, probate, Medicaid and Veterans benefits. We proceed to answer the questions over the course of the workshop (although there will be a presentation also).


We hope you will join our Walk Team for the Walk to End Alzheimer’s, which will be on Saturday, November 4, 2023, by clicking here.  Let’s make progress in eradicating Alzheimer’s – one step at a time!


But first, we have some incredible news to share. On July 6th, the FDA announced a milestone approval of Lequembi, the first drug to receive full FDA approval for slowing Alzheimer's. This is a significant breakthrough and shows that progress is being made in the fight against this devastating disease.


Please note that Michael B. Cohen’s radio show on estate planning and elder law can be heard on KAAM (770 AM) on Mondays and Tuesdays at 1:00 p.m. and Saturday at 10:00 a.m. Prior shows (topics are categorized) can be heard as podcasts on SoundCloud and as indicated on our website www.dallaselderlawyer.com. Our podcasts can also be heard on Spotify and Apple Podcasts. Subscribe to be notified of future releases. 


Michael B Cohen's Latest Blogs





Success Story Of The Month: 96-year-old Gambles $ On Medicaid Planning And Wins


Although it is normally not recommended that a 96-year-old buy any type of annuity, the facts below illustrate how a 96-year-old was willing to bet his money on a plan that included the purchase of a Medicaid-compliant annuity that saved him $6000 a month for the remainder of his wife’s lifetime.



5 Considerations When Choosing A Trustee

It is common to create various trusts in estate planning. Some trusts are created pursuant to the terms of a will (called a testamentary trust), and some trusts are created by a separate document. There can even be trusts within a trust. The one responsible for managing the trust and carrying out the goals set forth in the trust is called the trustee. It is not unusual that a family member, accountant, attorney, bank or trust company or even a friend, is named as trustee.




Hot Powers In Power Of Attorney – You Can Get Burned With Or Without


Many think if they have a statutory durable financial power of attorney in Texas that the agent can do anything he or she desires since the document gives broad powers. However, there are some additional powers beyond those listed in the statutory form that create enough danger to be called “hot powers” due to the possibility of abuse (ranging from funds can be taken by your agent to changing your estate plan). These extra powers require special consideration to be granted.




When Is a Revocable Living Trust the Best Estate Planning Option in Texas


Texas estate planning attorneys often disagree about what is the best option in estate planning. Sometimes it is best to have a will to transfer your assets and pay your debts after death. Sometimes it is best to have an irrevocable trust for numerous reasons. Sometimes Texans do nothing (usually the worst option) leaving it up to state laws regarding payment of debts and transfer of assets. Each factual situation is different, but this article will address who are best candidates for a revocable living trust.


Michael B Cohen's
Latest Podcasts

12201 Merit Dr., Suite 230 • Dallas, TX 75251 • United States • Click here to unsubscribe.