Children and adults with disabling medical conditions often require the support of others even when they are technically old enough to live independently. Trusts serve as a way for parents and other family members to provide the resources that someone with special...
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Special Needs Planning
What you should know as you designate IRA beneficiaries
If you’re revisiting your estate plan as the new year begins (or finally getting around to developing one), don’t forget your Individual Retirement Account (IRA) beneficiary designations. Remember that just including your designated beneficiaries for retirement and...
Understanding the three types of special needs trusts
Whether you have a child with a mental or physical disability or you have a disability yourself, you may want to create a special needs trust to protect assets while maintaining eligibility for government benefits. This financial planning tool may allow you to...
3 essential duties of a special needs trustee
If you have a relative who has a disability, you may want to include a special needs trust in your overall estate plan. This type of trust gives your loved one access to funds to use on supplemental expenses without jeopardizing his or her eligibility for Medicaid,...
What are the different types of advance directives?
For all of us, especially those of us in our advancing years, now is a good time to confirm whether you, and all of your family members, have an Advance Directive ready to help with crucial medical decisions. In your older years, you may experience a debilitating...
Owm Newsletter – March 2020 – What Am I Supposed To Do With A Title Report That I Received From My Title Company A Few Weeks Before My Real Estate Closing?
A number of our lawyers at OWM Law are title insurance agents licensed by the Commonwealth of Pennsylvania Insurance Department and approved to issue title insurance, and conduct closings, on real estate transactions by Fidelity National Title Insurance Company. OWM...
Protecting elderly relatives from financial fraud
Pennsylvania families may find themselves in need of taking action to protect their elderly relatives from financial predators seeking new victims. Although Congress passed legislation to help prevent third-party financial exploitation, elder fraud can occur while a...
What are some of the most common elder fraud scams?
Elder fraud scams in Pennsylvania are cruel. Not only do the scam artists convince you to part with your hard-earned money, of which you may have less than the fraudster supposes if you are living on a fixed income, but often they also betray your trust. Anyone can...
The hurdles of mental health and disability for veterans
For Pennsylvania veterans just home from tour or veterans of past wars, mental health stability has always been a factor in their recovery and in quality of life. It can be difficult to approach the issue though as it demands a certain awareness from many parties 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...