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.
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 […]
Don’t Use Powers of Attorney After Principal...
by Losavio&DeJean on June 5, 2018 at 7:17 pm
Unfortunately, it is common for agents in powers of attorney to continue to use them to conduct financial business even after the principal has died. Once a principal has died, the agent and the principal’s family or legatees should consult … Continue reading &rarr […]
How Often Should I Update My Will?
by Losavio&DeJean on May 23, 2018 at 4:38 pm
There is a large public misunderstanding that a will is something set in concrete, that doesn’t change and is to be signed and put away until death. Yet, it is important for people to review and update their wills regularly. … Continue reading &rarr […]
Are Life Insurance Proceeds Part of a Succession?
by Losavio&DeJean on May 21, 2018 at 7:15 pm
In Louisiana, the general answer to this question is no. Life insurance proceeds are not part of a succession. This can be confusing because both successions and life insurance claims both result from someone’s death. So, it is often assumed … Continue reading &rarr […]
The Biggest Mistake Made by Social Security...
by Losavio&DeJean on May 15, 2018 at 8:17 pm
One of the biggest mistakes that people make in applying for Social Security benefits is that they believe and assume that the Social Security Administration is their advocate. They believe that the Social Security Administration is advocating for them … Continue reading &rarr […]
by Losavio&DeJean on May 14, 2018 at 8:06 pm
In the past, many heirs were reluctant to open legal succession in Louisiana due to the fees and costs. There is a perception that opening a succession even for a small one, is expensive. However, recent Louisiana legislation now makes … Continue reading &rarr […]