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…
WHEN IS A SPECIAL NEEDS TRUST REQUIRED IN A MATRIMONIAL ACTION?
by Thomas D. Begley, Jr., Esquire, CELA Studies show that having a child with a disability dramatically increases the likelihood that the parents will divorce. The divorce rate for this cohort is as high as 86%. When either a spouse or a child is disabled and is receiving public benefits, a Special Needs Trust…