Personal Message


Welcome to the September issue of

the Texas Elder Law E-letter  

We hope many of you will join the “Walk to End Alzheimer’s” organized by Greater Dallas Chapter of Alzheimer’s Association that is being held on October 4. For more information on either walking, joining a team or simply making contribution, click on the following act.alz.org/dallaswalk to help in research efforts to find a cure and helping those afflicted and their care giving families. We will be devoting one of our upcoming radio shows heard on KAAM 770 at 1:30 p.m. every Tuesday or Saturday to the topic of Alzheimer’s disease.

Also, our monthly free estate planning workshop was again “sold out”. If interested in attending our next workshop on October 14, it is suggested that you register at your earliest convenience by calling (214) 720-0102 or registering online at www.dallaselderlawyer.com. We have had waiting lists for the last couple of workshops, so early registration is suggested as there are space limitations.

Upcoming speaking engagements include: Lee Financial on September 15 (on Special Needs Trusts), East Texas Estate Planning Council in Tyler on October 1 (Payment Options when Long-Term Care Insurance isn’t Adequate), Tarrant County Bar Association in Ft. Worth on October 16 (What to Do When You Turn 65) and the Community Foundation on October 27 (What Everyone Should Know About Estate Planning).

 


HHSC ANNOUNCES NEW TRANSFER PENALTY DIVISOR FOR MEDICAID APPLICANTS WHO HAVE MADE GIFTS
The Texas Health and Human Services Commission announced its new transfer penalty divisor for Medicaid applicants who have made uncompensated transfers within five (5) years (the look-back period) of applying for long-term care Medicaid.
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WILL THE FEDERAL GOVERNMENT GIVE APPROVAL TO THE NEW TEXAS LAW PROMOTING LIFE SETTLEMENTS IN CONNECTION WITH MEDICAID PLANNNING?
As reported earlier in the Texas Elder Law E-letter, Texas passed a law that allows Medicaid applicants to sell their life insurance policies to life settlement companies and not jeopardize Medicaid benefits.
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Can Life Insurance Affect Your Medicaid Eligibility?

In order to qualify for Medicaid, you can't have more than $2,000 in assets (in most states). Many people forget about life insurance when calculating their assets, but depending on the type of life insurance and the value of the policy, it can count a

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Should I Enroll in Medicare If I'm Still Working?

Many people keep working well beyond age 65—the age when most people become eligible for Medicare.

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