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RETIREMENT ACCOUNTS AND SPECIAL NEEDS TRUSTS

by Thomas D. Begley, Jr., Esquire, CELA             Under the terms of the SECURE Act, which became law in December of 2019, individuals inheriting retirement accounts generally must withdraw the funds from those accounts within 10 years of the death of the plan participant. Under the former law, the beneficiaries of a retirement account could withdraw…

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New Study Reveals Medical Dangers of Isolation

[Originally published in the NAELA eBulletin] Those who are socially isolated are over 40% more likely to have a cardiovascular event, such as a heart attack or stroke, than those who were socially integrated, new research has shown.  The German study, presented May 23, 2020 at the European Academy of Neurology (EAN) Virtual Congress, found…

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Estate Planning Beyond the Will – Begley Report

Begley Law Group (“BLG”) assists you with your Estate Planning beyond the drafting of your Will, Advance Directive and Power of Attorney (POA).  These additional services make your life easier and ensure that your objectives are accomplished.  Additional considerations might include the following. TASK-SPECIFIC POAs General Durable POAs have become very long, because they need…

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PLANNING FOR INDIVIDUALS WITH SPECIAL NEEDS PART 1

by Thomas D. Begley, Jr., CELA General According to Annual Disability Statistics Compendium published by the federal government, in 2014 there were 39,674,679 individuals with disabilities living in the community, a prevalence rate of 12.6%. This number is increasing as disabilities, such as Autism and Alzheimer’s Disease, become more prevalent. Non-institutionalized civilians with disabilities age…

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