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…
Protecting The Home: Using Trusts To Protect Your Home From The Costs Of Long-Term Care – Begley Report
by Thomas D. Begley, Jr., Esquire, CELA INTRODUCTION Studies show that 35% of Americans will spend some time in a nursing home. Seventy percent will require some form of long-term care be it nursing home, assisted living or home care. The cost of this care can range from $28 – $40 per hour or more…
ADVANTAGES AND DISADVANTAGES OF ABLE ACCOUNTS
by Thomas D. Begley, Jr., Esquire, CELA Congress enacted and the President has signed legislation known as the Achieving a Better Life Experience (ABLE) Act of 2014.[1] The Act is modeled on 529 Plans and will provide tax-favored accounts for individuals with disabilities to pay for qualified expenses. Before these accounts can be implemented, two…
Living in a Long-Term Care Facility Does Not Take Away a Resident’s Right to Vote
By Marianne Johnston, Esq. The right to vote is a fundamental Constitutional right. A person does not lose that right because they become a resident of a nursing home or assisted living facility. In New Jersey, a person is presumed capable of voting unless a court has adjudicated that the resident lacks the capacity to…