ADDICTION TRUSTS
by Thomas D. Begley, Jr., Esquire, CELA Unfortunately, many people have children who suffer from various addictions. Typically the addictions are drug or alcohol abuse. If the parent leaves money to the child suffering from those addictions, the money frequently will fuel the addiction making it worse, possibly even leading to death. Additionally the money…
2022 COLA INCREASES FOR MEDICAID, SOCIAL SECURITY, MEDICARE, TAX AND VETERANS BENEFITS
by Thomas D. Begley, Jr., Esquire, CELA Many public benefit and tax numbers are indexed to inflation. Different agencies use different inflation factors, but Social Security used 5.9 for increasing the numbers for 2022. Below is a chart that states numbers for the following: Medicaid, Social Security, Medicare, Tax, Veterans Aid and Attendance and…
Financing Long-Term Care in New Jersey – Begley Report
By: Thomas D. Begley, Jr., Esquire, CELA Statistics show that approximately 70% of the population age 65 or over will require some form of long-term care. Some will be there for relatively short periods of time. These are usually stroke or accident victims or surgery patients who are doing rehabilitation. A significant percentage will remain…
“I Want to Protect My Home”
By Marianne Johnston, Esq. Those are the first words out of the mouths of many of our clients when we discuss long-term care planning. The value of the primary residence is often a substantial portion of a person or couple’s worth. Parents wish to preserve the value of that asset for their children. There are…