OWM LAW COVID-19 UPDATE

In complying with Governor’s Order, as of March 20, 2020, our OWM physical office locations are closed; however, we are still operating remotely with full service for our clients and our referral sources. You can reach our attorneys and staff by phone or email as usual.

As we continue to navigate the new world and try to limit the spread of COVID-19 in our communities, more people are working from home and are home from school and practicing social distancing. So what can you do when you are staying at home? We all have those items on our “to do” lists that we never have time for and one of those items is finally getting 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. Now is the perfect time to get those items checked off your list! OWM Law is offering free 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.