PROTECTING YOUR RETIREMENT PLAN FROM THE NEW DEATH TAX UNDER THE SECURE ACT
By: Thomas D. Begley, Jr., Esquire, CELA THE SECURE ACT The SECURE Act passed by Congress and signed by President Trump became effective on January 1, 2020. The provisions of the SECURE Act apply to Qualified Retirement Plans and IRAs. The law was designed to raise approximately $16 billion for the Treasury, and to prevent…
Be Careful When Crowdfunding for Medical Expenses
by Marianne Johnston, Esq. Begley Law Group Medical crowd-funding is a popular vehicle for individuals to reduce the burden of medical expenses and pay for healthcare costs. GoFundMe, the biggest platform for medical crowdfunding raised $5.0 billion between 2010 and 2018. This sounds great, but, unfortunately, if the crowd-funding beneficiary receives means-tested public benefits, a…
PLANNING FOR SPECIAL NEEDS CHILDREN AFTER WE ARE GONE – Begley Report
By: Thomas D. Begley, Jr., Esquire, CELA Planning for children with special needs is extremely important, and often completely overlooked or done haphazardly. The problem is many of our children with disabilities will be unable to take care of themselves after we are gone. As long as we are living, we will do everything necessary to…
HOW TO PAY FOR CARE FOR SPOUSES OR CHILDREN WITH DISABILITIES IN A FAMILY LAW SETTING
by Thomas D. Begley, Jr., Esquire, CELA Levels of Care Frequently, in divorce situations one spouse has a disability or the couple has a disabled child who requires some form of care on a long-term basis. There are generally four types of care: Home Care. Either an outside provider comes to the home and…