How a Medicaid trust can help secure long-term nursing care
Many middle-class Texas residents face a conundrum as they get older: they don't have enough money to pay for long-term care insurance, but they have too much income to qualify for Medicaid. How will they pay for long-term care expenses? One way to do it is to create...
Medicaid trusts for long-term care planning
Many Texas seniors may expect to need long-term care in the future. Nursing homes can be very expensive, ranging in price from $75,000 to $150,000 or more per year. Unlike other forms of primary medical care for seniors, Medicare does not provide coverage for...
Pros and cons of an irrevocable life insurance trust in Texas
In Texas, you have the right to transfer your assets to your family members or beneficiaries when you pass away. However, the state and the federal governments will impose taxes on the property you leave behind, ultimately reducing your beneficiaries' amount. Take a...
