As the Spring market approaches, many of you may be considering purchasing or selling real estate. That process usually begins with the negotiation of an Agreement of Sale. Typically, in residential transactions, it is a standard form produced by the Pennsylvania...
OWM Newsletter – So, Your Tenant Has Vacated the Premises, What Now?
FEATURE ARTICLE – “So, Your Tenant Has Vacated the Premises, What Now?” by Thomas P. McCabe, Esquire. OWM FIRM NEWS & UPCOMING EVENTS – Thomas (“Tip”) P. McCabe, Esq., David A. Megay, Esq., and Rebecca A. Hobbs, Esq. have upcoming information sessions. Read Full...
Be Careful with Agreement of Sale Deadlines
A large part of the legal practice at OWM Law offices is representing Buyers and Sellers of real estate of all shapes, sizes, and values, both residential and commercial. When representing Buyers, we also provide title insurance and conduct the closing, as agents for...
Applying for Medicaid: Do I Need an Elder Law Attorney?
Per the Genworth 2018 Cost of Care Survey, the median cost of nursing home care in the Greater Philadelphia Area is as much as $12,167 per month[1]. With the staggering monthly cost of skilled nursing home care, many seniors that require nursing home care rely on...
Business Contracts: Negotiating Terms and Conditions
As a law firm that does a lot of legal work for business owners of various sizes, we end up handling collection matters in which the business renders services to a customer and for which the latter does not pay. The business owner/client comes to our office to seek...
How Does a Vacation Home Fit Into Estate Planning?
You are meeting with your lawyer and discussing your estate planning. The discussion expands from how your estate consists of current home, bank accounts and other probate assets. You then begin to discuss your vacation home and what you intend to happen when you...
OWM Blog – Your Tenant Has Vacated the Premises, What Now?
If you are a residential landlord in Pennsylvania and your tenant has vacated the premises either voluntarily, through a court-order evicting them and granting you possession, or absconding in the middle of the night – what are your obligations and responsibilities as...
OWM Newsletter – What is a Special Needs Trust?
FEATURE ARTICLE – “What is a Special Needs Trust” by Rebecca A. Hobbs, Esquire. OWM FIRM NEWS & UPCOMING EVENTS – Thomas (“Tip”) P. McCabe, Esq., David A. Megay, Esq., and Rebecca A. Hobbs, Esq. have upcoming information sessions. Read Full Newsletter
Things to Consider When Facing Potential Capital Gains Taxes
It is always a good time to consider strategies related to tax reduction; one area that can be especially important is in the area of capital gains tax. First of all, one needs to understand the term “capital gain.” Generally, capital gain tax is paid on the...
2019 Medicaid Changes
The Centers for Medicare & Medicaid Services (CMS) has released the 2019 federal guidelines for how much money the spouses of individuals institutionalized in a nursing home and applying for Medicaid may keep, as well as related Medicaid figures. Income and Asset...
