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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…

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The Impact Of Fundraisers On Beneficiaries With Disabilities – Begley Report

by Thomas D. Begley, Jr., CELA CRISIS AND KINDNESS In times of crisis, people often show just how caring humanity can be.  Major humanitarian relief efforts respond to large-scale natural and unnatural disasters.  Strangers donate time and money to individuals injured in tragic accidents.  Often, the first instinct when you learn that someone is hurt…

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Vacation Area Homes: Tax and Management Issues – Begley Report

By: Thomas D. Begley, Jr., Esquire, CELA CASE STUDY 1:  VACATION HOME—NO ESTATE PLAN Harry and Sally own a vacation home on a barrier island.  They purchased the home many years ago for $50,000, and it is now worth $1 million.  Harry and Sally have two children and five grandchildren.  The children visit the vacation…

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2024 COLA INCREASES FOR MEDICAID, SOCIAL SECURITY, MEDICARE, TAX AND VETERANS BENEFITS

by Thomas D. Begley, Jr., Esquire, CELA             Many public benefits and tax numbers are indexed to inflation.  Different agencies use different inflation factors, but Social Security used 3.2 for increasing the numbers for 2024.  Below is a chart that states numbers for the following: Medicaid, Social Security, Medicare, Tax, Veterans Aid and Attendance and Veterans…

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