TEN REASONS TO SELECT A PROFESSIONAL TRUSTEE
by Thomas D. Begley, Jr., Esquire, CELA New Jersey estate planning attorneys prepare many types of trusts for a variety of purposes. Common examples of estate planning trusts include special needs trusts, standard support trusts, discretionary support trusts, disclaimer trusts, bloodline trusts, incentive-based trusts, retirement plan trusts, and trusts for Medicaid planning purposes. One of…
WHAT IS AN ABLE ACCOUNT ANDHOW CAN IT HELP PROTECT YOUR PUBLIC BENEFITS?
On December 19, 2014, Congress enacted the Achieving a Better Life Experience Act of 2014 (the “ABLE Act”). Since then, nearly every State has passed its own complementary law for the implementation of the ABLE Act on the State level. An ABLE account is a tool available to the disability community that allows a person…
SPECIAL NEEDS TRUSTS PART 2
by Thomas D. Begley, Jr., Esquire, CELA This is the second article of a two-part series on Special Needs Trust. Medicaid Generally, Medicaid is a welfare program that pays medical bills for the aged, blind and disabled who meet certain requirements. It is a medical payment program, not a medical insurance program. Medicaid…
SPECIAL NEEDS TRUSTS PART 1
by Thomas D. Begley, Jr., Esquire, CELA This is the first article of a two-part series on Special Needs Trust. INTRODUCTION In the course of protecting our client’s eligibility for important public benefits, which often make a huge difference in their quality of life, attorneys are called upon to draft and assist…