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Legal Affairs

 

    01
    Changes to the Post-9/11 GI Bill
    Between 1 August 2011 and 1 October 2011 many of the new changes to the Post-9/11 Veterans Education Assistance Improvements Act ("GI Bill") will have gone into effect.

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    01
    Make your own funeral decisions or have someone else make them for you
    June 2011 - Navy By LCDR MARC J. SOSS As part of their estate plans, many individuals execute a “Living Will” to let family members kn...

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    01
    Employment tax incentives and increased education benefits in 2011
    April 2011 Navy By Marc J. Soss, SC, USN The Tax Relief Act of 2010 (the “2010 Tax Act”), signed in law on 17 December 2010, created ben...

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    01
    Mortgage assistance for wounded warriors and surviving spouses
    March 2011 Navy By LCDR Marc J. Soss, SC, USN On 27 September 2010, Fannie Mae announced a new initiative to assist wounded service members and surv...

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    01
    How the 2010 Tax Act impacts you
    February 2011 Navy By Marc J. Soss, SC, USN On 17 December 2010, President Obama signed into law The Tax Relief, Unemployment Insurance Reauthoriz...

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    01
    Social Security Do-Over
    December 2010 Navy By LCDR Marc J. Soss, SC, USN Alittle known Social Security option may soon be eliminated by the Social Security Administration (...

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    01
    The Home Affordable Foreclosure Alternatives Program
    February 2010 Navy by LCDR Marc J. Soss, SC, USN Commencing on 5 April 2010, with a sunset date of 31 December 2012, a new government program n...

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    01
    Creating a Paper Trail for Your Heirs

    As children, we are taught to make a list of the gifts we would like to receive for the holidays and our birthday. One of the nicest things a parent can do for his or her family is to create a list (aka “paper trail”) of the location of his/her estate planning documents (Last Will & Testament, Revocable Trust, Irre-vocable Trust, etc.) financial assets (bank and brokerage accounts, life insurance policy(s) etc.), tax information (tax and gift tax returns) and professional advisors (attorney, accountant, financial advisor, etc.).

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    01
    The Community Living Assistance Services and Support Act
    June 2010 Navy by LCDR Marc J. Soss, SC, USN An estimated ten million Americans (expected to increase to fifteen million in 2020) are currently in n...

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    01
    Maximizing Your Savings Options While Serving in a Combat Zone
    May 2010 Navy by LCDR Marc J. Soss, SC, USN Military service in a combat zone can be dangerous and place a lot of stress on both the service member ...

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    01
    New Law Finally Looks After Military Spouses

    On 11 November 2009, President Barack Obama signed into law the “Military Spouses Residency Relief Act” (MSRRA).

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    01
    Expanded Educational Benefits for Service Members and Their Survivors
    December 2009 Navy by LCDR Marc J. Soss, SC, USN This year has been filled with new legislation aimed at enhancing educational benefits for service ...

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    01
    The Credit Card Act of 2009

    The “Credit Card Act of 2009” (the “Act” and H.R. 627) was signed into law on 22 May 2009. The Act amends provisions of the “Truth in Lending Act” and “Electronic Fund Transfer Act” and changes the way credit card companies treat their customers.

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    01
    Social Security Benefits for Disabled Service Members
    September 2009 Navy  by Marc J. Soss, SC, USN Disabled veterans are keenly aware of the patient care and health benefits they may receive from ...

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    01
    Tax Benefits for Hiring Unemployed Veterans

    On 17 February 2009, President Obama signed into law The American Recovery and Reinvestment Tax Act of 2009 (the “Act”). Among its many provisions, Section 1221 of the Act amends and supplements Section 51 of the Internal Revenue Code (IRC) to create additional incentives to hire an unemployed veteran in 2009 and 2010. The Act is designed to combat the growing unemployment rate for veterans who have served in Iraq and/or Afghanistan (11.2% for veterans age 18 and older compared to 8.8% rate for nonveterans in the same age group).

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    01
    Eligibility for the Aid & Attendance Pension

    The “Aid and Attendance Pension” (a/k/a “Veterans Disability Pension” or the “Veterans Pension for Veterans 65 or older”) is a little known and utilized federal assistance program which was established in 1952. The program provides a monthly VA pension to assist with the cost of caring for qualifying veterans (disabled or frail and have trouble living on their own). The VA pension may be utilized for assisted living expenses or home health care.

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    01
    Mortgage Assistance and Relief for Veterans

    On 10 October 2008, the Veterans’ Benefits Improvement Act of 2008 (S. 3023) was signed into law. Major provisions of the law directly impact the Veterans Administration Home Loan Guaranty Programs, originally established in 1944 under the original GI Bill, and amends Sections 3703, 3707, and 3710 of Title 38, United States Code.

     

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