WHAT IS AN ABLE ACCOUNT AND HOW CAN IT HELP PROTECT YOUR SSI CHECK?
An ABLE account is a new device available to the disability community that allows a disabled individual to have a limited bank account without risking eligibility for their means-tested public benefits. ABLE accounts can receive $15,000 per year from all sources, and are capped at the maximum account size of a 529 College Savings…
THE TWO TRUSTS SOLUTION FOR SAVING THE HOUSE IN A BIRTH INJURY CASE
by Thomas D. Begley, Jr., Esquire, CELA Many birth injury cases result in significant recoveries for the plaintiff(s). As in most personal injury cases, the family usually has three wishes: a house, a car and a trip to Disney World. Frequently, the family is of modest means and the injured parties receiving means-tested public benefits…
WHAT HAPPENS WHEN THE PERSONAL INJURY VICTIM ON PUBLIC BENEFITS MOVES TO ANOTHER STATE
by Thomas D. Begley, Jr., CELA People frequently move from New Jersey to other states for various reasons. Occasionally, an individual is transferred by his/her employer and has little say in the matter. On other occasions, the individual retires and wants to move to a warmer climate with less taxation. For most people, the move is…
PLANNING FOR INDIVIDUALS WITH SPECIAL NEEDS PART 1
by Thomas D. Begley, Jr., CELA General According to Annual Disability Statistics Compendium published by the federal government, in 2014 there were 39,674,679 individuals with disabilities living in the community, a prevalence rate of 12.6%. This number is increasing as disabilities, such as Autism and Alzheimer’s Disease, become more prevalent. Non-institutionalized civilians with disabilities age…