Trump account - Michael Cohen Dallas Elder Lawyer

20 Jul TRUMP ACCOUNTS – IMPACT ON REPORTING GIFT TAX AND PUBLIC BENEFITS

Posted at 09:00h in Estate Planning, Michael Cohen Dallas Elder Lawyer, Public Benefits Protection, Special Needs, Special Needs Trust, Taxes

As part of the One Big Beautiful Bill, the U.S. government is permitting the establishment of Trump accounts whereby the government will give $1000 to children born in the U.S. on or after January 1, 2025 until January 1, 2029. Others can generally contribute up...

29 Jun 30 Common Mistakes When Completing A Nursing Home Medicaid Application Or Planning For Eligibility

Posted at 09:00h in Disability Benefits, Elder Justice, End of Life Care Planning, Estate Planning, Home Equity, Long Term Care, Medicaid Application, Medicaid Planning, Medicare, Michael Cohen Dallas Elder Lawyer, Miller Trust, Mortgage, Nursing Home, Probate Administration, Social Security, Special Needs, Special Needs Trust, Taxes, Trusts

The cost of long-term care is great (average is around $7,900/month in Texas). As a result, many apply for long-term care Medicaid for governmental assistance to help pay the facility and drugs. It is not unusual for us to receive calls after either a facility...

20 May BILL TO GIVE EVERY AMERICAN BABY $1000 IN EMBRYONIC STAGE

Posted at 10:24h in Estate Planning, Public Benefits Protection, Retirement, Taxes

Senator Ted Cruz has introduced a bill called the “Invest America Act” which would establish a “Trump account” with $1000 for children born after July 4, 2026, who are U.S. citizen with at least one parent who is a U.S. citizens at the time of...