856.235.8501

CHARITABLE GIVING USING QUALIFIED CHARITBLE DISTRIBUTIONS

By:  Marianne Johnston, Esquire What is a Qualified Charitable Distribution? A Qualified Charitable Distribution (QCD) is a tax strategy that allows you to support charities dear to your heart directly from your individual retirement account (IRA). When you make withdrawals from a traditional IRA account, those distributions are usually taxed as ordinary income to the…

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NOT SO BASIC ESTATE PLANNING

by Thomas D. Begley, Jr., Esquire, CELA   Begley Law Group has a staff of 25 people, five of them are lawyers.  We have offices in Cape May Court House and Moorestown, New Jersey.  Our telephone numbers are (609) 368-3389 for Cape May Court House and (856) 235-8501 for Moorestown.  There are a number of…

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SPECIAL NEEDS AND SETTLEMENT PROTECTION TRUSTS: WHAT ARE THEY AND WHEN DO I NEED THEM? PART 1

by Thomas D. Begley, Jr., Esquire, CELA             In the settlement of a personal injury case questions frequently arise as to the various types of trusts that may be utilized and whether or not a trust is necessary.  This is the first of a two-part series. Five Types of Litigation Trusts             There are five…

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MEDICARE IMPLEMENTS $2,000 PRESCRIPTION COST CAP

By: Adam Cohen, Esquire As of January 1, 2025, Medicare has implemented a significant change to its Part D prescription drug program by capping annual out-of-pocket expenses at $2,000. This initiative, part of the Inflation Reduction Act of 2022, aims to alleviate the financial burden of medication costs for millions of Medicare beneficiaries. Previously, Medicare…

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