Hegwood Law - October 2020

HEGWOOD LAWGROUP Trusts | Estates | Probate | Elder Law | Family

PRST STD US POSTAGE PAID BOISE, ID PERMIT 411

950 Gemini Street, Suite 6 | Houston, TX | 77058

INSIDE THIS ISSUE

1 Let Us Celebrate Cookbook Month Together

2 How to Get a Good Night’s Sleep Do Not Forget the Importance of Breast Cancer Research

3 Celebrity Couples Make Face Masks Look Good One Bowl Chocolate Cake III

4 Medicaid Planning? Protect Your Assets and Be Covered

MEDICAID PLANNING? TIPS TOMAXIMIZE YOUR SECURITY SET YOURSELF UP AND PROTECT YOUR ASSETS!

Medicaid can seem complex and overwhelming for clients, but it is designed to protect and shield the assets of the elderly so they are not taken advantage of. Those who plan well enough for their future in Medicaid will feel safe and have more options available to them than those who delay making their decisions. Let us take a brief look at the worst mistakes people can make. First: Always get a lawyer while planning your Medicaid. There are lots of important details while arranging your asset protection, and an attorney who specializes in the field can make sure you do not miss a step. For example, if the Medicaid recipient has assets or wealth that has been moved or transferred within a fixed time frame, their eligibility can be denied. Second: Never ever delay your plans. The earlier you start planning, the more options you will have, and you would not have to wait until you are ill. Having a conversation with your loved ones and our expert Medicaid planning team in advance can help you overcome any potential health issues in the future.

Third: Learn about what you do not know. It is difficult for the average Medicaid recipient to know what they do not know — which is why many do not realize asset protection is available to them. Immediate annuities and spousal allowances go a long way to guard your assets in financially unstable times.

The field is always changing, so do not rely on armchair experts who may be using outdated information — get someone who is actively involved in the field like an experienced Medicaid planning attorney. And at Hegwood Law Group, we can work with you no matter where you are. Schedule a remote consultation with us today!

HEGWOOD LAW GROUP

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