Eligibility for Medicaid is based on means. In other words, the program does not extend benefits to applicants who have more than a certain amount in assets. This system works reasonably well for people of modest means who qualify for the program, and wealthier people...
The essential elements of a buy-sell agreement in Texas
Small business owners in Texas must plan for many contingencies to protect their company and its assets. One of the most disruptive events in the life of a closely held business is the decision of one or more co-owners to leave the company. Such a decision can cause...
Understanding Medicaid’s lookback period
As seniors age, they often begin to think about when they will need additional care. Perhaps, a close friend suffers from Parkinson’s disease and now needs to be in a nursing home. Or a spouse now has dementia and a couple has to consider when to move into assisted...
Why are powers of attorney important?
Regardless of your age and health, you may – from time to time – think about who will handle your affairs if you can no longer do so yourself. While you may have an individual or two in mind, it is important that you appoint them to their roles in writing. To do so,...
