We hope you will join our Walk Team, Michael’s Marchers, for the Walk to End Alzheimer’s (which will be Saturday, November 5, 2022) by clicking here.

We are pleased to announce that Michael B. Cohen has been named as Chair of the Alzheimer’s Association’s Greater Dallas and Northeast Texas Chapter. We are very grateful to KAAM radio, Don Crawford, Jr. and the Percy Fund for an extremely generous contribution to our walk team.

Our next free Estate Planning Essentials Workshop will again be live. Registration for our next live workshop (which will be Tuesday, October 11, 2022 from 10:00 a.m. until noon) can be made by calling us at (214) 720-0102 or signing up online at www.dallaselderlawyer.com.

If you have an IRA, you are required to make a distribution annually once you reach a certain age (if you were 70½ prior to January 1, 2020, then you should already be making required minimum distributions known as “RMDs” – otherwise you could be subject to a 50% excise tax). It is common to delay making distributions until required since there is income tax on the distribution (unless it is a Roth IRA).

It is not unusual that a widow or widower or someone who is elderly meets someone later in life and enjoys their companionship and love or simply enjoys traveling together. Living together without being married use to be considered strictly taboo, but the potential financial risks of being married has resulted in elderly couples simply living together without being married.

A medical power of attorney should be part of even the most basic estate planning documents that every adult (assuming mental capacity) should have. This is a document whereby you chose whom you want to act as your agent and any alternate if you lack mental capacity to make medical decisions for you if you lack capacity. You would need sufficient mental capacity to sign this document. Health care providers can rely on the named agent’s decision as to the health decision to be made. Powers of attorney terminate on the death of the principal.