Houston Medicaid Planning Lawyer Whitney L. Thompson Discusses the Right Steps for Handling Inheritance
Jan 5, 2023
January 05, 2023 - /PressAdvantage/ - Houston Medicaid planning lawyer Whitney L. Thompson (https://www.wthompsonlaw.com/medicaid-and-inheritances-planning-ahead-is-essential/) releases a new article explaining the right steps for handling inheritance in Texas. The lawyer mentions that Medicaid and inheritance can be tricky and mistakes in handling these matters can be very costly. If a person is drawing Medicaid benefits and inherits some money or property, the inheritance can jeopardize the benefits.
“The Medicaid rules count inheritances regardless of whether the recipient keeps them or passes them on to someone else. The bad result, in such cases, is that the person receiving Medicaid would be charged just as if he or she had taken the money, even if he or she gave it away, and the person’s benefits would be docked accordingly,” says the Houston Medicaid planning lawyer.
The lawyer explains that it is very important to seek the help of an experienced estate planning lawyer when dealing with matters such as handling an inheritance. Having a skilled lawyer for these matters can help the client avoid mistakes and ensure that the estate owner’s wishes are honored and the benefits are not jeopardized.
Attorney Whitney L. Thompson also adds that in one case, an Ohio attorney was suspended for mishandling a Medicaid inheritance issue. The lawyer advised the client that in order to protect the benefit, the person who stood to inherit should “disclaim” or “renounce” the inheritance. Renouncing an inheritance means giving it away to someone else.
According to the estate planning lawyer, “For a better result, consult an attorney right away. We can advise you on the necessary techniques to split the inheritance between the recipient and somebody else, like a child. If the right strategies are used, Medicaid would count the inheritance to an extent, but not as much as it would have if the recipient had simply given away the whole sum. We know how to structure that person’s financial arrangements, to protect the people to whom the person wants to leave his or her legacy.”
Lastly, the lawyer emphasizes the importance of having a skilled estate planning attorney when dealing with matters involving estate planning. Having an experienced estate attorney may be able to help an individual understand their rights and help them prepare for the future of their loved ones.
About The Law Office of Whitney Thompson, PLLC
Attorney Whitney Thompson is an experienced family law attorney who helps clients deal with family law matters such as divorce or legal separation. Attorney Thompson also deals with guardianship, probate, and estate planning matters. As an experienced divorce lawyer, attorney Thompson and her legal team have helped families have a smoother divorce process and plan for their future more thoroughly. To schedule a consultation, call (281) 214-0173.
The Law Office of Whitney L. Thompson, PLLC | Houston Estate Planning Attorney
4201 Farm to Market 1960 Rd W Suite 219, Box #116B, Houston, TX 77068, United States
(281) 214-0173
###
For more information about The Law Office of Whitney L. Thompson, PLLC, contact the company here:
The Law Office of Whitney L. Thompson, PLLC
Whitney L. Thompson
+12812140173
[email protected]
The Law Office of Whitney L. Thompson, PLLC
4201 Farm to Market 1960 Rd W Suite 320, Box #116B, Houston, TX 77068, United States
ReleaseID: 60057229
More News
‘Say When’ Lyrics: Megan Moroney Talks Writing New Song for ‘Nobody Wants This’ Soundtrack
Megan Moroney just released a brand new song for Nobody Wants This season three! The 29-year-old country music star penned […] The post ‘Say When’ Lyrics: Megan Moroney Talks Writing New Song for ‘Nobody Wants This’ Soundtrack appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
Hilary Duff Debuts New ‘Holiday Things’ EP with 3 Original Songs, Shares ‘Complicated Relationship’ with Christmas
Hilary Duff just released her new Christmas EP Holiday Things! The 39-year-old entertainer just announced the new music two days […] The post Hilary Duff Debuts New ‘Holiday Things’ EP with 3 Original Songs, Shares ‘Complicated Relationship’ with Christmas appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
‘Tarantino’ Lyrics: LISA Pays Tribute to the Director with New Song & Music Video Inspired by His Movies!
LISA has dropped her new single “Tarantino” along with a music video inspired by the classic movies of director Quentin […] The post ‘Tarantino’ Lyrics: LISA Pays Tribute to the Director with New Song & Music Video Inspired by His Movies! appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
Amanda Bynes gives Hollywood a little glimpse since turning to Ozempic: Pics
Amanda Bynes gives Hollywood a little glimpse since turning to Ozempic: PicsHollywood’s once famed star Amanda Bynes, who has been in the spotlight for a number of reasons, namely because of fans who are making snippets of her ‘changes’ over the years. Some fans across X are...
‘Tom & Jerry’ Lyrics: John Mayer Explains Meaning Behind Title of First Solo Song In 6 Years
John Mayer is back with new music! The 49-year-old musician just released his new song, “Tom and Jerry,” which marks […] The post ‘Tom & Jerry’ Lyrics: John Mayer Explains Meaning Behind Title of First Solo Song In 6 Years appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
‘Weekend in Texas’ Lyrics & Meaning: Kacey Musgraves Drops First Single from New ‘Middle of Nowhere’ Companion Album – Listen Now!
Kacey Musgraves has dropped her new single “Weekend in Texas” from her upcoming album Middle of Nowhere Vol 2: Tex […] The post ‘Weekend in Texas’ Lyrics & Meaning: Kacey Musgraves Drops First Single from New ‘Middle of Nowhere’ Companion Album – Listen Now! appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
Houdini Died on Halloween 100 Years Ago. Some Still Question How.
An author’s inquiry into the magician’s final days is the latest effort to grapple with outstanding questions about his demise.
Be honest, which horror movie do you think you could survive?
On National Horror Movie Day, it's time we got honest with ourselves. View Entire Post ›
Jon Bon Jovi recalls unexpected setback in four-year vocal cord recovery path
Jon Bon Jovi recalls unexpected setback in four-year vocal cord recovery pathJon Bon Jovi says his voice now sounds “phenomenal,” but it was once as bad as not being able to sing at birthdays.The rocker, 64, was speaking at the Australian program A Current Affair on Tuesday, where he...
Natalie Nunn Dresses Up as North West for Halloween 2026, Aspiring Rapper Reacts After She Transformed Into ‘Bad Girls Club’ Star
Natalie Nunn returned the favor for Halloween! The 41-year-old Bad Girls Club star just shared a new video on Instagram, […] The post Natalie Nunn Dresses Up as North West for Halloween 2026, Aspiring Rapper Reacts After She Transformed Into ‘Bad Girls Club’ Star appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
How Did Hilary Swank Hide Her Pregnancy? Actress Reveals How She Kept Her Big News a Secret for Months
Hilary Swank is dishing on her pregnancy! The 52-year-old actress recently announced that she is pregnant and expecting her third […] The post How Did Hilary Swank Hide Her Pregnancy? Actress Reveals How She Kept Her Big News a Secret for Months appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
‘Clayface’ Cashing In $3.5M+ Thursday Previews – Box Office
EXCLUSIVE: Peter Safran and James Gunn’s DC entree into lower budget genre movies, Clayface, is off to a solid start in previews tonight with an estimated $3.5M, if not more. Domestic weekend forecasts are between $20M-$25M, which if that occurs, would deliver the newly combined Paramount-Warner Bros its second back-to-back No. 1 opener at the […]
Recommended
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.