THE IMPACT OF CROWD-FUNDING ON INDIVIDUALS RECEIVING PUBLIC BENEFITS
by Thomas D. Begley, Jr., Esquire, CELA Crowd-Funding People often utilized an online device known as “crowd-funding” to raise money for certain purposes. Popular online websites include GoFundMe, Indiegogo, and Crowdrise. These websites allow users to fundraiser for individuals and personal causes. They are often very effective ways to raise money. On other occasions, crowd-funding…
OVERVIEW OF MEDICAID TRUSTS
by Thomas D. Begley, Jr., CELA Types of Trusts. Trusts established and funded after August 10, 1993, are governed by OBRA-93. The Medicaid-qualifying trust rules were repealed by OBRA-93, and new rules for revocable and irrevocable trusts created after August 10, 1993, were established. OBRA-93 also created special disability trusts, each of which has rules….
PROTECTING THE HOME FROM THE COST OF LONG-TERM CARE
by Thomas D. Begley, Jr., CELA Seventy percent of Americans 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 $20 per hour or more for home care to $10,000 – $12,000 per month for nursing home care. Before becoming eligible…
20 THINGS YOU NEED TO KNOW ABOUT ABLE ACCOUNTS
by Thomas D. Begley, Jr., Esquire, CELA On December 16, 2014, Congress enacted and the President has signed an Act known as Achieving a Better Life Experience (ABLE) Act of 2014.[1] This Act is to provide a tax-favored account, similar to a 529 Plan, for individuals with disabilities to pay for qualified expenses. Highlights of…