by Keith Hajovsky | Feb 14, 2024 | Asset Protection, General Estate Planning, Medicaid
A Medicaid Trust, also known as a “Miller Trust” or “QIT”, helps someone who wants access to Medicaid benefits when that person’s income exceeds the income cap. And the typical person looking to do this is an elderly or disabled adult trying to access affordable...
by Keith Hajovsky | Feb 7, 2024 | Asset Protection, General Estate Planning, Marital Assets, Probate, Wills
What is considered a homestead in Texas can have a very big effect on your estate planning needs as well as many other aspects of your life. The Texas Constitution lets a person establish a homestead which is basically a certain piece of real estate that is exempted...
by Keith Hajovsky | Jan 31, 2024 | General Estate Planning, Medicaid, Non-probate Assets, Probate
I have counseled several clients to use a what is called a Lady Bird Deed to protect a home from Medicaid recovery. [also see What Is A Transfer on Death Deed] The typical situation is that a parent or other loved one is elderly and has become so sick with an ailment...
by Keith Hajovsky | Jan 24, 2024 | Estate Administration, General Estate Planning, Intestate - Dying Without A Will, Probate, Wills
I have written about dying without a will before, but I’ve had two particular clients contact me with difficult stories that I wanted to share on this subject. In both cases, a simple, inexpensive will created by an estate planning attorney could have saved the...
by Keith Hajovsky | Jan 17, 2024 | General Estate Planning, Living Trusts, Testamentary Trusts, Trusts
Testamentary trusts are powerful estate planning tools that every estate planning attorney should discuss with their clients. When most people think of trusts, they think of something that is completely separate from a will. A testamentary trust is actually a trust...
by Keith Hajovsky | Jan 10, 2024 | Estate Administration, General Estate Planning, Probate
The death of a spouse may leave an elderly individual feeling lost and wondering which way to turn for help. It’s an emotionally devastating experience, and an elderly person who’s spent a lifetime being responsible for others may feel as though everything has to be...