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.
Social Security Disability: Don’t Avoid...
by Losavio&DeJean on July 13, 2018 at 4:23 pm
It is not uncommon for people that have physical or mental disabilities to avoid treatment. When the medical records are reviewed, you will find long time periods where the claimant did not see a doctor for examinations or treatments. These … Continue reading &rarr […]
Taxpayers who owed tax this year should check...
by Losavio&DeJean on July 5, 2018 at 7:50 pm
Taxpayers who owed additional tax when they filed their federal return earlier this year should do a “paycheck checkup” as soon as possible. The IRS Withholding Calculator and Publication 505, Tax Withholding and Estimated Tax, can help these taxpayers do … Continue reading &rarr […]
My Father’s Estate Has More Debts Than Assets....
by Losavio&DeJean on June 25, 2018 at 7:45 pm
Not all estates have more assets than debts. Some decedents leave estates encumbered by large debts that exceed the value of their assets. We call these estates as being insolvent. So often heirs or legatees rush to get assets and … Continue reading &rarr […]
Communicating with The Social Security...
by Losavio&DeJean on June 21, 2018 at 9:01 pm
A Social Security claim is extremely important to any individual. To facilitate this claim, communications are a must. I do not recommend that claimants communicate by telephone as a general rule. The reason I do not recommend this method of … Continue reading &rarr […]
Reasons to Update Your Will
by Losavio&DeJean on June 19, 2018 at 3:17 pm
It is important to remember that persons shouldn’t just execute their wills, store them and not worry about them. Wills should always be updated. Otherwise, there can be an absurd result regarding your estate when you die if your will … Continue reading &rarr […]
Don’t Forget to Evaluate Possible Mental...
by Losavio&DeJean on June 13, 2018 at 2:35 pm
In applying for Social Security Disability or SSI benefits, attorneys and claimants generally focus on physical disabilities. These physical disabilities can include heart problems, back disorders, or respiratory problems. Many times, possible mental disabilities are not considered. There can be […]