12201 Merit Drive Suite 230 Dallas, TX 75251 | (214) 720-0102 Fax: (214) 754-0936

www.dallaselderlawyer.com

Welcome to the August Issue of the

Texas Elder Law E-Letter

Our next free “Estate Planning Essentials” workshop will be held on Thursday, August 2, 2018 from 1:00 p.m. to 3:00 p.m. and Saturday, August 25, 2018 from 10:00 a.m. to noon. Seating is limited. Call (214) 720-0102 to register or sign up online at www.dallaselderlawyer.com.

Michael B. Cohen will also be speaking for the Texas Advanced Paralegals Society on “Estate and Long-Term Care Planning” on September 27, 2018.

Also please join our walk team (“Michael’s Marchers”) for the Walk to End Alzheimer’s by registering here which will be held on September 29 at Nebraska Furniture Mart in The Colony, Texas and on October 13 at Dallas City Hall.

Michael B. Cohen’s radio show on estate planning and elder law can be heard on KAAM (770 AM) every Monday at 2:00 p.m., Tuesday at 1:00 p.m. and Saturday at 2:30 p.m. Prior shows (topics are categorized) can be heard on Sound Cloud as indicated on our website www.dallaselderlawyer.com.

1ST SUCCESS STORY OF THE MONTH - FINANCIAL ADVISOR DISCOVERS HE SAVED CLIENT $300,000 BY READING OUR MAY NEWSLETTER

Several years ago, a local financial advisor recommended that his client (a married man who is retired) invest his entire traditional IRA in an annuity (within such IRA).

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2ND SUCCESS STORY OF THE MONTH - JUDGE TO HELP ALAMO DESCENDANTS SAVE "TARA" WITH ORDER PERMITTING LADYBIRD DEED

An ancestor of client received a Spanish land grant for what is presently client’s homestead with the acreage surrounding it. Client now lacks mental capacity, and he never signed a general durable power of attorney.

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WIDOWS/WIDOWERS ENTITLED TO EXTRA $255 OFF SOCIAL SECURITY - IF THEY APPLY

Most people are unaware that if your spouse was receiving social security at the time of his or her death, then you are entitled to $255 from Social Security.

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BLOOD PRESSURE MEDICATION MAY REDUCE RISK OF ALZHEIMER'S

Researchers have known for years that there is a link between high blood pressure and Alzheimer’s, this new study shows that medication not only mediates blood pressure but can reduce risk for Alzheimer’s.

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SHORT-TERM CARE INSURANCE: THE NEW ALTERNATIVE TO LONG-TERM CARE INSURANCE

Fewer companies offer long-term care insurance since people are living longer and fewer policyholders dropped their policies, a new alternative has been developed for those who have poorer health – short-term care insurance.

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WILL WE SOON BE ABLE TO CAPITALIZE WITH LESS CAPITAL GAINS TAX?

The Treasury Department was reconsidering the definition of “cost” to allow taxpayers to adjust the initial base (value) of an asset for inflation when the asset sells.

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