OWM LAW COVID-19 UPDATE

As of June 8, 2020, OWM’s physical office locations are open for scheduled appointments and real estate settlements, adhering to all State and CDC guidelines for safe business operations.

Click here for PA’s COVID-19 Safety Procedures for Businesses.

Please see the Fox43 News interview with Rachel Yonkunas featuring Thomas McCabe, Esquire from OWM Law, regarding landlord tenant laws and landlords’ and tenants’ rights during the COVID-19 pandemic. In addition, as many people continue to work from home and practice social distancing, you may finally have time to have your Will, Power of Attorney, and Advanced Directive completed. You may also want an attorney to review your Will and Powers of Attorney if you already have such documents. OWM Law is offering free initial estate planning phone conferences. To schedule your phone conference, please contact our office at 610-323-2800 or you may schedule via email by contacting Melanie at [email protected]. We look forward to working with you.

O'Donnell Weiss Mattei Lawyers
Home → Elder Law & Special Needs Planning → Assistance With Personal Injury Settlements

Protect Your Settlement From A Personal Injury

A financial settlement does not affect an individual’s receipt of Social Security Disability Income (SSDI) or Medicare. However, such settlements will potentially terminate an individual’s Supplemental Security Income (SSI) and Medicaid if the settlement funds are not transferred to a special needs trust.

How A Settlement Can Impact Benefits

The termination of SSI or Medicaid could result in a substantial economic impact on the disabled person. Although the receipt of a personal injury settlement could provide the individual with what appears to be a significant amount of money, the funds may not be enough to last for the lifespan of the individual. With the loss of Medicaid, the monthly costs may increase because more money is being spent on prescriptions, health aides, therapy, etc. The establishment of a special needs trust will allow the individual to maintain their needs-based public benefits as well as have the trust funds available to pay for the expenses that the government benefits do not cover.

Reach Out Today For Help

A lawyer can help evaluate your situation and take the steps necessary to protect your finances. Call O'Donnell, Weiss & Mattei, P.C., today at 610-323-2800, or send us an online message and we will respond as promptly as possible.