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HAPPY NEW YEAR – 2025 MEDICAID ELIGIBILITY STANDARDS

by Marianne Johnston, Esq. With the new year comes changes in several of the New Jersey Medicaid eligibility standards for long-term care benefits.  What has changed? Income Cap – increased to $2,901 Maximum Community Spouse Resource Allowance – increased to $157,920 Monthly Maintenance Needs Allowance In Assisted Living Facility – increased to $143.65 At Home…

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PROTECTING YOUR ASSETS FROM CREDITORS: ARE YOU BULLET-PROOF?

By:  Thomas D. Begley, Jr., Esquire, CELA Many business and professional people have worked for a long time and have accumulated significant assets.  They hope to benefit themselves and their families during their working careers and also in retirement.  The first step in asset protection planning would be to do a risk analysis.  What are…

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When A Self-Settled Special Needs Trust May Not Be the Best Option: Thinking Outside of the Box

By: Thomas D. Begley, Jr., Esquire, CELA When a personal injury settlement is received, the first reaction for many people is, “Let’s use the money to fund a self-settled special needs trust and preserve whatever public benefits the individual may be eligible to receive.” However, this may not always be the best option. When plaintiffs…

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STRUCTURED SETTLEMENTS

WHAT IS A STRUCTURED SETTLEMENT? Most personal injury cases now involve a Structured Settlement.  NSSTA announced a record-breaking $8.523 billion industry milestone in 2023.[1] A Structured Settlement is an annuity that pays the injured plaintiff a series of periodic payments over time, rather than in a single lump sum.  The annuity is purchased by the…

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