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Michael L. Holland

The Dangers of Keeping Your Estate Planning a Secret.

Recently, I’ve noticed a few clients preferring to prepare an estate plan without informing their adult children. They have the desire to plan for the distribution of their estate after their death and to make sure someone they trust has the authority to make important health and financial decisions when an illness or disability prevents […]

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Medicaid Gifting Rules: How to Transfer Assets Without Penalties

Most people are not aware of gifts exempt from Medicaid penalty.  The common belief is Medicaid rules prohibit making gifts when a family member needs nursing home care.  Medicaid gifting rules actually encourages certain transfers.  Misunderstanding these rules can financially devastate your family. The annual costs of nursing home care in the Texas metropolitan areas […]

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