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…
USING SELF-SETTLED SPECIAL NEEDS TRUSTS TO PROTECT PUBLIC BENEFITS – Begley Report
Many public benefits available to persons with disabilities, such as Supplemental Security Income (SSI) and Medicaid, place limits on income and certain types of assets. Exceeding such limits can lead individuals to lose some or all of their benefits. Individuals receiving SSI are limited to $2,000 of assets. For many individuals, their Medicaid is linked…
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 2.0 passed by Congress and signed by President Biden became effective on December 29, 2022 with respect to some provisions. Other effective dates range through 2033. The Act applies to most employer-sponsored retirement plans. The significant changes are as follows: Required Minimum Distribution…
Qualified Settlement Funds – Begley Report
by Thomas D. Begley, Jr., CELA WHAT IS A QUALIFIED SETTLEMENT FUND? Section 468B of the Internal Revenue Code[1] authorizes the establishment of Designated Settlement Funds or Qualified Settlement Funds. These funds are usually collectively referred to as Qualified Settlement Funds (QSFs). These funds are also sometimes called 468B Trusts. The purpose of these funds…