ASSET PROTECTION STRATEGIES: HOW TO PROTECT YOUR ASSETS FROM CLAIMS OF CREDITORS
By: Thomas D. Begley, Jr., Esquire, CELA There are a number of strategies that are used to protect assets from creditors. Some of them work, some of them do not. Some work with limitations. In considering asset protection strategies the Uniform Voidable Transaction Act (formerly known as the Uniform Fraudulent Transfer Act) must be considered. …
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. Long-term care can be received at home, in an assisted living facility, or in a nursing home. A statistic widely quoted is that the average stay in a long-term…
2025 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 2.5% for increasing the numbers for 2025. Below is a chart that states numbers for the following: Medicaid, Social Security, Medicare, Tax, Veterans Aid and Attendance and…
SPECIAL NEEDS PLANNING – PART 3
by Thomas D. Begley, Jr., Esquire, CELA [Here are links to Part 1 , Part 2 and Part 4] Features of a Special Needs Trust Enriches Our Child’s Life. By establishing the Special Needs Trust, the funds in the trust can be used to enrich the child’s life while at the same time maintaining important…