MEDICAID APPLICATION TRIAL AND ERROR

Posted on July 16, 2019 by Hawkins Elder Law.

Medicaid application trial and error creates big problems for nursing home residents. Unfortunately, it is a common practice that creates financial nightmares for nursing home residents’ families. This article explains common Medicaid application problems and suggests when people should seek professional help from experienced elder law attorneys. Medicaid Application Trial and Error – Repetition Doesn’t […]

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SECURE ACT IRA CHANGES – A MIXED BAG

Posted on May 29, 2019 by Hawkins Elder Law.

SECURE Act IRA changes may affect retirement planning strategies dramatically. On May 23, 2019, 417 members of the U.S. House of Representatives voted to change IRAs with the “SECURE Act” (Setting Every Community Up for Retirement Enhancement Act of 2019). If Congress and the White House agree on a bill, it will change the landscape for retirement contributions and required IRA withdrawals. This article describes some of the SECURE Act’s key aspects and an alternative U.S. Senate bill.

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MEDICAID & PRENUPTIAL AGREEMENTS – PART 2

Posted on April 18, 2019 by Hawkins Elder Law.

This conclusion of our two-part series about Medicaid and prenuptial agreements explains how Medicaid treats prenuptial agreements.

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Personal Business Records Organization Tips

Posted on February 1, 2019 by Hawkins Elder Law.

Few people manage their personal business records properly, so this article gives record-keeping tips.

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Indiana Cancels Favorable Medicaid Policy on IRAs

Posted on December 27, 2018 by Hawkins Elder Law.

This article explains some surprising new IRA protection opportunities created by recent Indiana Medicaid rule changes.

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What Reverse Mortgage TV Commercials Don’t Tell You

Posted on September 4, 2017 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] Tom Selleck and other charming celebrities have pitched reverse mortgage plans to senior citizens for years in television ads like Selleck’s ad posted on YouTube. Mr. Selleck says reverse mortgages are not “too good to be true,” but should people believe him? Well, it depends… […]

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Avoiding Probate is Easy – But Not Always Wise

Posted on May 23, 2017 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] We have heard people tell us for decades that they want to “avoid probate.” They say it as if they want to avoid cancer. Most people have no idea what it is that they think they should avoid. Fewer people know that the “probate” concept […]

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Have You Withdrawn Enough from Your IRA This Year?

Posted on November 14, 2016 by Hawkins Elder Law.

The retirement plan concept leads us to believe that we should contribute as much as possible to IRAs and other tax-deferred retirement plans, and avoid withdrawing more than the required minimum distributions. While this strategy will maximize retirement plan growth and the likelihood that it will provide income late in life, it also sets up […]

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IRA Planning for Long-Term Care and Longevity

Posted on May 17, 2016 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] (Updated March 14, 2018) Hollywood actress Betty Davis was quoted as saying, “Old age ain’t no place for sissies.” Unfortunately (or fortunately, depending on how you view it) more people are reaching older ages today than ever (such as Ira Chestnut, pictured at left as a high […]

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2015 Year-End Tax Planning Traps and Opportunities

Posted on December 28, 2015 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] Congress changes federal tax law almost every year. Some changes are very dramatic, and other changes are so subtle that tax lawyers must scour them to find the nuances. Federal tax law changes for the 2015 tax year (affecting income tax returns filed in 2016) […]

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