USING ANNUITIES IN MEDICAID PLANNING
by Thomas D. Begley, Jr., Esquire, CELA and Marianne Johnston, Esquire Medicaid Planning The use of annuities in Medicaid Planning is a viable Medicaid Planning strategy. Long-term care is expensive and one of the best ways to pay for it is through Medicaid. Medicaid limits the countable assets of the individual Medicaid recipient to…
WHAT HAPPENS WHEN MY SPECIAL NEEDS CHILD TURNS 18?
by Thomas D. Begley, Jr., Esquire, CELA When a child becomes 18 years old, he or she becomes an adult. Prior to that time, the child is a minor and his or her parent is also the natural guardian and had the authority to make decisions for that child. What should a parent be thinking…
SPECIAL NEEDS PLANNING – PART 2
by Thomas D. Begley, Jr., Esquire, CELA [Here are links to Part 1 , Part 3 and Part 4 .] An important tool in Special Needs Planning is a Special Needs Trust. This is the fifth tool in the toolbox mentioned in Part 1. Special Needs Trust. A Special Needs Trust is a trust created…
SPECIAL NEEDS PLANNING – PART 1
by Thomas D. Begley, Jr., Esquire, CELA [Here are links to Part 2 , Part 3 and Part 4 .] Special Needs Planning for loved ones with disabilities is extremely important. As long as parents are alive, they will care for their children with disabilities. The problem begins when the parents are gone. Many children…