POD & TOD ACCOUNTS: A BLESSING OR A CURSE?
by Thomas D. Begley, Jr., Esquire, CELA What are POD and TOD Accounts? A POD accounts stands for “payable on death” and is usually used with bank accounts such as checking, savings or Certificates of Deposit. TOD are “transfer on death” accounts and are usually used with brokerage accounts, stocks, bonds and other investments….
USE OF SEPARATE LIST OR MEMORANDUM FOR THE DISPOSITION OF PERSONAL PROPERTY
by Thomas D. Begley, Jr., Esquire, CELA The New Jersey Probate law permits the use of a separate writing or memorandum to dispose of your tangible personal property. If you wish to use such a writing or memorandum rather than itemize various items of tangible personal property in your Will, you should know and follow…
My Client Received A Personal Injury Settlement, He Is On Medicaid, Does He Need A Special Needs Trust? – Begley Report
by Thomas D. Begley, Jr., Esquire, CELA GENERAL An extremely important source of funding for medical needs for persons with disabilities is Medicaid. When a person is receiving Medicaid, the first question is whether a Special Needs Trust (SNT) is required. There are a number of pathways to Medicaid. If the individual’s Medicaid is means-tested,…