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@www.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@www.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.


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@www.weaverlegal.net. No pets or lawyers were harmed in this photo.