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established by an experienced elder law attorney will also allow your agent to act on your behalf to qualify you for public benefits that you may have otherwise not been able to qualify for, such as Medicaid. circumstances of the guardianship, there is always the possibility of someone contesting or “challenging” the person In an ideal guardianship matter, there is no contest to the person applying to become your legal guardian

might be wise to group deductions into either this year or next, if you believe you’re not going to qualify Some are obvious, like large, unexplained loans taken out by a senior, or if you see that certain personal for large credit-card charges, gifts to a caretaker, routine bills not being paid, and changes to the person

you may also be able to set the trust up in a way that will not interfere with the child’s ability to qualify A Texas special needs lawyer is the right person to help figure out what those options are.

It is critical to discuss your situation in advance with a qualified estate planning attorney before

They often believe that it is only for those who are poor and that they would not qualify. In order to qualify an individual must be at least 65 years of age, blind, or disabled. Medicaid, it pays the full amount for room and board as well as any therapies that are part of general resident Medicaid also includes personal care items and specific services such as bathing, grooming, and laundry If you are interested in Medicaid coverage for residency at a nursing home for yourself, your elderly

However, suppose a loved one who resides in another state leaves you money. This can become a problem when they want to qualify for Medicaid.

that will require your heirs to pay substantial taxes, it may be in your best interest to speak to a qualified

be sure the money in your accounts or the death benefit on a life insurance policy goes to the right person The executor or the personal representative is the person who will be responsible for carrying out the

Qualified Terminable Interest Property (QTIP) Trust A QTIP trust allows the trustor to maintain control Homestead Exemption: Texas offers strong protections for homestead properties, which are primary residences

When a person passes away without leaving a valid will , their estate must go through probate court if that can alter the usual proceedings: Small Estates – If the estate value is under $75,000, it may qualify invaluable well beyond the closure of the estate, too, as they can continue assisting you with any residual

Under Texas law, a special needs trust is a trust that allows a person with a disability to have money Additionally, the special needs trust still allows the person with a disability to be eligible for all With a third-party trust, the person that sets it up, usually the parent or grandparent, has the ability Depending on where the successor guardian resides, a designation of temporary guardian may be created We want trustees to have options, and we to make sure that the beneficiary has the best quality of life

For example, the passing of a well-known music artist or sports figure means that this person’s popularity Ali’s primary residence was in Arizona, one of the states that doesn’t have a state estate tax, so his Kentucky statutes say that if Ali willed his residence to his wife or children, they’d be exempt from