Kristen J. Ishihara and Christopher A. Parker discuss ways you can protect your loved ones and their future.
Texas Medicaid is limited for single adults. If you’re not pregnant, disabled, or a parent, you likely don’t qualify. Explore Marketplace plans, clinics, or discount programs for healthcare options.
Probate ensures a will is legally enforced, but it doesn’t avoid court. Proper planning, like trusts and beneficiary designations, can help bypass it. Prepare ahead to make things easier for loved one
A revocable living trust avoids probate but only works if funded and updated. Common mistakes include forgetting to transfer assets, naming the wrong trustee, and not informing family members.
Guardianship allows a court-appointed person to make decisions for someone who can't manage their affairs. It involves filing a petition, attending a hearing, and taking on serious responsibilities.
Naming a minor as a direct beneficiary can lead to legal complications and court involvement. Instead, setting up a trust ensures funds are managed responsibly and distributed at the right time.
A Miller Trust (Qualified Income Trust) helps individuals qualify for Texas Medicaid even if their income exceeds the limit. Proper setup and management are crucial to ensure eligibility.
