by OWM Law | Mar 25, 2019 | Categories Elder Law/Special Needs Planning, Firm News
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...
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 | 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...
by OWM Law | May 9, 2018 | Categories Elder Law/Special Needs Planning, Firm News
Intrafamily care was common in the United States several generations ago. With today’s aging population, there are indicators that not only baby boomers, but millennials, are inviting their parents to move in with them, renovating their homes to accommodate a...
by OWM Law | Mar 7, 2018 | Categories Elder Law/Special Needs Planning, Firm News
On February 26, 2018, the Pennsylvania Department of Human Services (DHS) published an updated Burial Cost chart for 2018. Click this link to see the chart: 2018 PA Burial Limits. This chart provides the maximum amount under Pennsylvania’s Medicaid rules that can be...
by OWM Law | Feb 26, 2018 | Categories Elder Law/Special Needs Planning, Firm News
This article outlines the important steps to take to ensure that your deceased loved one is not a victim of identity theft. The number of identity theft victims is staggering; the Pennsylvania Attorney General reports that more than 10 million Americans each year are...
by OWM Law | Jan 19, 2018 | Categories Elder Law/Special Needs Planning, Firm News
Knowing the cost of long-term care helps individuals plan for this expense. Just as it is important to plan for retirement, it is equally as important to plan for one’s potential need for long term care. Annually, Genworth Financial conducts a Cost of Care Survey,...
by OWM Law | Jan 11, 2018 | Categories Elder Law/Special Needs Planning, Firm News
The National Academy of Elder Law Attorneys (NAELA) defines elder law by the client to be served, rather than by the type of law practiced by the attorney. In other words, a lawyer who practices in the area of elder law has a specific type of client, seniors and...
by OWM Law | Dec 15, 2017 | Categories Elder Law/Special Needs Planning, Firm News
The holiday season can be overwhelming and stressful for those caring for a loved one with Alzheimer’s disease. With extra cords from holiday lights, and deviations from normal routines, having a safety checklist can be a helpful reminder of certain safe guards that...
