The Weaver Firm 2017 Trip Across Texas

Last week, Rick and Travis had the pleasure of traveling from the Red River all the way down to Galveston on a working vacation. The attorneys started their journey with a short stop in Muenster to enjoy some unseasonably cool weather in the Red River Valley.

After that short break, the attorneys traveled down to Galveston to attend the 19th Annual Estate Planning, Guardianship and Elder Law Conference.

At this conference, the Weavers learned about changes to the law regarding Medicaid, Probate, and Long Term Care Planning and how they will affect you, the clients in 2017 and beyond. The current political climate promises to shake things up in the legal world. Rest assured, the Weaver Firm is up to date on the most current laws and regulations affecting our areas of practice. We are even willing to drive hundreds of miles for it.

 Stay tuned for a back to school special article regarding everything you ever wanted to know about when estate planning and back to school planning meet. Expect fireworks.

If you enjoyed this update or want to learn more about Elder Law and Estate Planning, be sure to sing up for our newsletter at the link below:

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Why Your Estate Plan Shouldn’t be Older than Your Car

The average age of a car in America is 11.5 years. Think of your own life and what’s changed in the last 11 years. Gotten married? Had children or grandchildren? Adopted a pet? Maybe you won the lottery or started a successful business. If you haven’t looked at your estate planning documents lately, now is the time. This Wall Street Journal Article shares some helpful stories about the dangers of waiting to update an Estate plan.

https://www.wsj.com/articles/havent-updated-your-estate-plan-in-a-while-its-time-1501078724

If you need to update your Estate plan, create a new plan, or just have questions about Wills in general, contact our office today.

817.638.9016 or email TWeaver@weaverlegal.net

 

How the Medicaid Debate Affects You

In case you’ve been living under rock…Medicaid is a hot button issue to say the least. Here is an interesting article about long term care insurance and Medicaid and how they affect one another. The average cost of one month of nursing home or memory care in America is over $5,000.00.

https://mobile.nytimes.com/2017/07/14/your-money/how-the-medicaid-debate-affects-long-term-care-insurance-decisions.html?referer=https://t.co/qNI0a2pW3G

If you have questions or concerns about Medicaid or long term care planning in this uncertain political climate, please give our office a call at 817.638.9016 or email us at TWeaver@weaverlegal.net

Why Medicaid Matters to Texans

As Bob Dylan once said, “the times they are a-changin‘.”

The New York Times recently published an article with an excellent story about how long term care planning (insurance in the article) can help ease the burden of long term care on your loved ones

For our reading averse visitors, the article explains how long term care insurance can help save thousands of dollars per year in long term care expenses. Since the average nursing home bill is North of $5,000.00 a month in 2017 and the baby boomers (second largest generation of Americans) are entering the later phase of their lives, simple logic would dictate a huge increase in those needing long term care. 

Consider insurance and consider speaking to one of our attorneys about long term care planning. 

817.638.9016 or TWeaver@weaverlegal.net

The Weaver Firm, PC featured in the Texas Bar Journal

Have you ever wondered how to protect your home from a Medicaid claim? Today is your lucky day. Check out this short Texas Bar Journal article on what steps to take to prevent Medicaid recovery claims against you or your loved ones.

“Home Sweet Home: Making Sense of Medicaid Recovery”

As always, contact our office for help with Medicaid claims and other Probate issues.

 

Call 817.638.9016 or email at TWeaver@weaverlegal.net

Amarillo By Morning

May 11, 2017


Rick and Travis had the pleasure of attending the Amarillo Area Estate Planning Council 2017 Institute. If you look closely, you might even recognize one of the speakers. Rick spoke on Long Term Care Planning Including Medicaid and VA Aid and Attendance. Check out this great West Texas organization and be sure to attend next year if you are in the panhandle. If you would like to learn more about your long term care planning options, be sure to contact our office at (817) 638-9016 or at weaverlegal.net.

http://www.aaepc.org/events/event/14388

Planning for Pooches (or Cats, Turtles, Birds, etc.)

July 14, 2017

Let me start with a hypothetical. I and my wife, Brittany, are traveling over the summer. Possibly, we are enjoying a beach in Florida or maybe some cooler air in Colorado. All of the sudden, tragedy strikes. Our pets, Arnold and Sally the Frenchies, are left at home in limbo between a mix of family members, friends, and neighbors. If your pets are anything like ours, they aren’t exactly low maintenance and they certainly aren’t cheap. This article is what you NEED TO KNOW about planning for your pets at death.

Five tried and true methods exist for planning for pets. Here they are ranked from best to worst for your reading pleasure.

  1. Pet Trust created under a Will
    • Pros
      • Statutorily Approved in Texas
      • Tailored to your wishes
      • Can be extremely detailed
    • Cons
      • Must be in a valid Will
      • Slightly more complicated to set up
  2. Bequest to Named Individual in Will
    • Pros
      • Simple
      • Can be detailed if followed
      • Specific amount or percentage of Estate
    • Cons
      • No guarantee that money is used for pets
  3. Bequest to Caretaker at Discretion of Executor
    • Pros
      • Gives the Executor flexibility depending on the pet and the caregiver
      • Flexibility as to amount depending on the pet (see: Arnold and Sally, aka money vacuums)
    • Cons
      • Executor may or may not understand needs of the Pet
      • Person selected may not be a good fit for caregiving
  4. Bequest to Charity with conditional language
    • Pros
      • Avoids complexity of Trust included in Will
      • Double benefit of pet protection and charitable gift
    • Cons
      • Charity might dissolve
      • Trusting your pets to strangers
  5. Creation of Inter Vivos (between living people) Trust for Pets
    • Pros
      • You dictate terms of Trust and amount gifted to Trust
      • Guarantees the Trust is funded before your death
    • Cons
      • Trust accounting and separate accounts
      • Added expense of Trust creation

If you have questions about planning for your pets or even your family members, be sure to give the Weaver Firm, PC a call at (817) 638-2022 or send me an email at TWeaver@weaverlegal.net. No pets or lawyers were harmed in this photo.