Michael Cohen Dallas Elder Lawyer |

30 Jan Success Story of the Month – Rearranging Assets for Government Care Assistance

Posted at 14:05h in Estate Planning, Medicaid Planning, Public Benefits Protection, Success Story of the Month, Uncategorized

Mom has dementia that has resulted in the need for skilled care. Although mom owns a homestead, she now lives with daughter due to the dementia. Mom has no long-term care insurance. Mom’s only assets are the home (which she purchased for $200,000 – although...

22 Jan Home Sweet Home – Equity Limit Increased for 2025 Announced

Posted at 13:51h in Estate Planning, Home Equity, Medicaid Planning, Public Benefits Protection

As of January 1, 2025, the homestead equity limit for a Medicaid applicant who is not married and who either applies for the nursing home Medicaid program or “waiver” home care Medicaid program will increase to $730,000 ($713,000 in year 2024). Thus, if the home...

01 Jan Decision Tree Chart on Ladybird Deeds vs. Transfer on Death Deeds

Posted at 09:40h in Estate Planning, Lady Bird Deed, Medicaid Planning, Transfer of Death

Decision Tree Chart on Ladybird Deeds vs. Transfer on Death Deeds Many ask the question on the differences between an Enhanced Life Estate (Ladybird) Deed and a Transfer on Death Deed since both avoid probate. In other words, the grantee/beneficiary of the deed would simply either...