Blog

Can a Special Needs Trust Pay for Food and Shelter?

Oct 29, 2018

It’s often not wise to use funds from a special needs trust to buy food or shelter for the beneficiary. If you are serving as trustee of a special needs trust, you need to know whether you can use trust funds to pay for food or shelter. The short answer, is you can, but you…

VA Establishes Asset Limits and Transfer Penalties for Needs-Based Benefits

Oct 11, 2018

The Department of Veterans Affairs (VA) has finalized new rules that make it more difficult to qualify for long-term care benefits. The rules establish an asset limit, a look-back period, and asset transfer penalties for claimants applying for VA pension benefits that require a showing of financial need. The principal such benefit for those needing…

Some Facts on Probate and Non-Probate Assets

Aug 29, 2018

Texas is one of the most liberal states in the country when it comes to probate and the probate process. Probating a person’s Will is usually very streamlined and straightforward. However, there are some types of assets that make up a person’s estate that are considered “non-probate” and pass outside of what is controlled by…

Recognizing Symptoms of Dementia

Jul 25, 2018

  The family reunion has always been an event everyone looks forward to. Family visits, games, stories and everyone’s favorite foods are always on the agenda. On the top of the menu is Grandmas Lemon Coconut Cake. Grandma always makes the traditional cake from her old family recipe. This year, however, the cake tasted a…

Financial Abuse of Senior Citizens

Jul 16, 2018

Roughly 35% of the 25 million persons in the U.S. at age 71 or above have mild cognitive impairment or dementia, according to a Duke University study. These people with impaired decision-making capabilities are highly susceptible to financial abuse. Financial abuse of elderly persons who are impaired in their decision-making can take several paths. First…

Estate Planning As Part of Your Long Term Care Plan

Jul 9, 2018

  Long Term Care Planning is the process of preparing for and funding long term care. Long Term Care refers to a wide-range of medical, personal and social services for individuals who are unable to provide for their own needs for an extended period of time. This need for care from others may be caused by…

Choosing Retirement Account Beneficiaries Requires Some Thought

Jun 28, 2018

  While the execution of wills requires formalities like witnesses and a notary, the reality is that most property passes to heirs through other, less formal means. Many bank and investments accounts, as well as real estate, have joint owners who take ownership automatically at the death of the primary owner. Other banks and investment…