Our professional service is based on our skill, knowledge and
experience in the following areas of practice:
!!!SPECIAL NEEDS TRUST!
Effective December 31, 2016, there has been a significant change in the federal law regarding the establishment of Special Needs Trusts. The “21st Century Cures Act” was signed into law on December 13, 2016. Previously, the law only allowed a parent, grandparent, legal guardian or a court to establish a Special Needs Trust, but Section 1917 (d)(4) (A) which was revised will now allow a disabled individual to establish his or her own Special Needs Trust. This will significantly reduce the time, money and effort in having to obtain court approval to establish a Special Needs Trust.
!!!VETERAN’S ADMINISTRATION ALERT!!!
The Veterans Administration (VA) has published a proposal that will significantly change eligibility rules for veterans’ and or their spouses. The VA now anticipates that the final rule changes will be published after April 2017. Therefore, it is important that all veterans and their spouses, who anticipate that they will be applying for VA Benefits now or in the future, should consult with an accredited VA Attorney as soon as possible.
These rules include:
- Establishing a clear net worth limit
- Defining and clarifying deductible medical expenses
- Three year (36 month) look back period
Any assistance received due to a catastrophe or major disaster having been declared by the President of the United States, is permanently excluded as a resource for Medicaid. Funds must be identifiable as disaster funds.
The FEMA Program’s money due to the flood victims is considered disaster assistance, and any interest earned is excluded as an income resource.
Losavio & DeJean, LLC A full-service law center for seniors & families.
Putting Off Getting A Will till You Fly? Think...
by Losavio&DeJean on April 17, 2018 at 6:51 pm
One of the biggest things that motivates people to our law firm to engage in estate planning or updating their wills is when they go on an airplane trip. The thoughts to traveling high in the air in a … Continue reading &rarr […]
What Is A Living Will?
by Losavio&DeJean on April 16, 2018 at 8:21 pm
A living will is probably the most misnamed legal document.It has nothing to do with “living” and it’s not a “will”. To put it bluntly, it is a directive to be allowed to die. A person that signs a living … Continue reading &rarr […]
The Importance of Health Care Directives
by Losavio&DeJean on April 12, 2018 at 7:28 pm
A Health Care Directive is a legal document where a person can express whether they want or don’t want to try medical treatment in certain specific medical situations. These documents can be very lengthy and can cover wide ranges in … Continue reading &rarr […]
Can I Discharge My Student Loan in Bankruptcy?
by Losavio&DeJean on April 4, 2018 at 7:42 pm
The general answer is no. Student loans are not automatically discharged in bankruptcy. In fact, they are exempt from discharge. In order to discharge the student loan, a debtor must file a special lawsuit called an adversarial proceeding to prove … Continue reading &rarr […]
2018 Veterans Benefits
by Losavio&DeJean on April 3, 2018 at 7:00 pm
Monthly Pension Rates Single Veteran Basic Improved […]
New Medicaid Numbers
by Losavio&DeJean on April 2, 2018 at 5:57 pm
Community Spouse Resource Allowance $123,600 Resource Allowance for an Individual $2,000 Resource Allowance for a Couple (Both husband and wife in a nursing home) $3,000 Monthly Maintenance Needs Allowance $3,090.00 Monthly Personal Needs Allowance $38 Divestment Penalty Divisor $4,000 […]