by OWM Law | Feb 19, 2019 | Categories Business Planning, Firm News
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...
by OWM Law | Feb 15, 2019 | Categories Estate Planning, Firm News
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...
by OWM Law | Feb 12, 2019 | Categories Landlord/Tenant, Firm News
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...
by OWM Law | Jan 31, 2019 | Categories Elder Law/Special Needs Planning, Monthly Newsletter, Firm News
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...
by OWM Law | Jan 30, 2019 | Categories capital gains tax, Firm News
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...
by OWM Law | Jan 23, 2019 | Categories Medicaid, Firm News
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...
by OWM Law | Jan 23, 2019 | Categories Elder Law/Special Needs Planning, Firm News
Special needs trusts (also known as “supplemental needs” trusts) are an important component of planning for an individual with a disability. A special needs trust allows a disabled beneficiary to receive inheritances, gifts, lawsuit settlements, or other funds and yet...
by OWM Law | Jan 15, 2019 | Categories Banking, Firm News
As previously indicated, some of the attorneys at OWM Law (including yours truly!) are title agents for Fidelity National Title Insurance Company. In addition, we have a Title Coordinator and Title Assistant whose number one priority is helping the attorneys and their...
by OWM Law | Dec 29, 2018 | Categories Elder Law/Special Needs Planning, Monthly Newsletter, Firm News
FEATURE ARTICLE – “Special Needs Planning: 2018 Tax Changes to ABLE Accounts” 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...
by OWM Law | Dec 28, 2018 | Categories Elder Law/Special Needs Planning, Firm News
On December 22, 2017, new tax legislation was signed into law by President Trump. The new tax law impacts ABLE (Achieving a Better Life Experience) plan accounts for the 2018 tax year. Modeled after 529 college savings accounts, ABLE accounts allow individuals with...
