Reverse mortgages provide a way for a borrower to tap into the equity of his or her homestead. Medicaid for long-term care is means tested - so a reverse mortgage could possibly be counterproductive. Reverse mortgages with potential planning in the event care at home or a nursing home is needed.
Numerous new laws were passed in the last Texas legislature session. 10 of the new laws that affect the elderly, estate planning, and probate are discussed.
Long-term care Medicaid (which helps for skilled care either at a facility or at home) has a 5-year lookback resulting in a penalty requiring private pay if there are gifts resulting in a penalty requiring private pay - even if the gift is an exempt resource such as your home. This podcast discusses the exceptions to the rule.
If the government helps pay for care costs and drug costs through Medicaid, then the state often is entitled to reimbursement. However, there are 8 exceptions to recovery against the home as discussed.
Texas law provides how to settle estates of those who are missing. There are many missing in Hawai'i as a result of the recent wildfires which raises the question what Texas would do.
The unusual decision of a Tennessee judge 19 years ago granting additional powers to Oher's conservators has resulted in a lawsuit leaving a sour taste on the feel-good story portrayed in the movie.
Although there is a 5 year look back period when deeding a Medicaid applicant's homestead, there are 5 exceptions to the rule.
28 min
About Dallas Elder Law Attorney
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Michael B. Cohen is an elder law attorney whose Dallas law practice focuses on the legal needs of the disabled and elderly, including estate and Medicaid and other public benefits (such as Veterans…
benefits) planning. He is a frequent speaker on these topics.