ESTATE PLANNING IN NEW JERSEY- PART 1
by Thomas D. Begley, Jr., Esquire, CELA, and Joellen C. Meckley, Esquire This is the first of a two-part series in Estate Planning in New Jersey. Estate Planning is a very important process. (The second part can be found here.) Most people have worked their entire lives and lived sensibly with the result that they have…
Joellen C. Meckley Elected to NJ NAELA
Joellen C. Meckley, Partner at Begley Law Group was recently nominated and elected to serve a 2-year term on the Board of Directors for the New Jersey NAELA. The New Jersey Chapter of the National Academy of Elder Law Attorneys advocates on behalf of and provides legal services for older adults, people with disabilities, and…
INCOME TAXATION IN PERSONAL INJURY CASES
by Thomas D. Begley, Jr., Esquire, CELA Generally, personal injury damages are excludable from taxation.[1] The Code deals with compensation for injuries and sickness and states, “[i]n general, gross income does not include the amount of any damages (other than punitive damages) received (whether by suit or agreement and whether as lump sums or…
MEDICAID PLANNING IN NEW JERSEY: LEVELS OF LONG-TERM CARE, COST AND ELIGIBILITY
by Thomas D. Begley, Jr., Esquire, CELA There are four frequently used levels of care in New Jersey. The cost of adult day care averages $70 to $120 per day, home care averages $28 per hour from an agency, assisted living averages $6,000 to $10,000 per month, and nursing homes cost $10,000 to $14,000 per…