Medicaid - Hegwood Law Group

Your Parent is Hospitalized: Medicaid and Elder Care Planning to Do Now

When a parent ends up in the hospital, it can be frightening. But it can also be chaotic if your parents have not yet thought about their wishes for health care, end-of-life, and their estate. What end-of-life and long-term care…

Protecting Assets from Medicaid: How Funding a Trust Can Help

We all want what is best for our families. Ideally, we would like to help loved ones on both ends of the continuum of life: the younger generation with expenses related to college, home buying, and starting their families; and…

10 Common Mistakes People Make When Applying for Medicaid

Though the aging population continues to get larger, there is more need for long-term care. However, since most elderly Americans do not have long-term care insurance or have the assets to be self-insured, many people are dependent upon Medicaid, as…

Are My Nursing Home Expenses Covered By Medicaid?

For many people, Medicaid may carry a certain stigma. They often believe that it is only for those who are poor and that they would not qualify. However, what they do not know is that Medicaid is not just for…

How to Transfer Your Home Without Jeopardizing Your Medicaid Eligibility

There are many Long-Term Care Medicaid Rules in place which help pay for senior’s care costs. However, it is important for those receiving Medicaid to understand that there is a five year “look back” period where the state can actually…

Moving Overseas? Plan Ahead.

The Wall Street Journal recently provided some guidance for Americans relocating overseas in “Moving Abroad? Here’s the Checklist.” Insurance. These regulations are frequently at the country or state level, so insurance that is valid or that can be sold in one jurisdiction may…

Saving the Home with Long-Term Health Care Demands

The largest asset most people have is their family home. If a senior is in a situation where his or her long-term care insurance is exhausted and the other assets are used to pay for care, how does one protect…

Some Surprising Expenses in Retirement

After working hard and saving your money wisely, you’re ready for a successful retirement. Unfortunately, there can be bumps and hiccups with the plans. Nobody wants to be caught off-guard when it comes to saving for the future, so Forbes…

Come On, Do I Really Need a Will?

The answer to that question has always been an unequivocal “yes”—especially when there’s a spouse, children or stepchildren. However, there are some financial advisers that now say many Americans might not need a will. Forbes’ article, “Do You Really Need…

Create Your IRA Exit Plan

IRAs, 401(k)s, 403(b)s and other qualified accounts are popular tools for building a retirement nest egg. But after investing and saving with one of these plans for the last 30 years, as retirement nears you may ask yourself, "What should…