A special needs trust is created for a person who has a physical or mental disability and lacks the capacity to manage their finances. The person who manages the trust is called the trustee and the person for whom the trust is managed is called the beneficiary. A...
In planning for the future, it may be easy to assume that just because something appears to make sense then it should be okay. This is true for many things; however, when it comes to Medicaid planning, some things that may seem harmless or even beneficial can come...
Many Texas residents will, at some point, require long-term care. How they pay for that care, though, is a question to which several do not have an answer. The simple truth of the matter is, the cost of care is skyrocketing, and most people cannot afford it on their...
Do you have a loved one who will likely need long-term care in the years to come? Many Texas residents end up in this position, but they often lack the funds they need to pay for this type of care -- which can cost thousands a month. The state offers something called...
Making decisions for oneself is important for one's own sense of personal autonomy, but unfortunately it is not always possible. This is why long-term care plans should always include durable powers of attorney. Although some people in Texas might feel hesitant about...
Though most people hope that they will maintain their good health and senses until their dying day, that is not what happens for a significant number of individuals in Texas and across the country. Needing care in a nursing facility is common for people over the age...
People in Texas often want to plan for the future, including through estate planning. While in the past, this often primarily included the creation of wills and trusts to determine the distribution of assets upon their death, that goal has shifted so that it now also...
Over the last several decades, the composition of families in Texas and across the country has shifted somewhat. For instance, it is not unusual to find a couple that is not married. While estate planning is important for everyone, additional elder law...
Depending on a person's age and physical and financial well-being, his or her legal needs will likely differ. This is especially true for the elderly in Texas and across the country. As such, there are attorneys who specialize in elder law, ensuring that the needs of...
Planning for financial security later in life is important, and many people in Texas understand this. However, people do not always anticipate that there may come a point when they might not be able to handle their own finances. Financial powers of attorney can help...
