RETIREMENT ACCOUNTS AND SPECIAL NEEDS TRUSTS
by Thomas D. Begley, Jr., Esquire, CELA Under the terms of the SECURE Act, which became law in December of 2019, individuals inheriting retirement accounts generally must withdraw the funds from those accounts within 10 years of the death of the plan participant. Under the former law, the beneficiaries of a retirement account could withdraw…
New Study Reveals Medical Dangers of Isolation
[Originally published in the NAELA eBulletin] Those who are socially isolated are over 40% more likely to have a cardiovascular event, such as a heart attack or stroke, than those who were socially integrated, new research has shown. The German study, presented May 23, 2020 at the European Academy of Neurology (EAN) Virtual Congress, found…
WHAT IS A SPECIAL NEEDS TRUST?
by Thomas D. Begley, Jr., Esquire, CELA A Third Party Special Needs Trust is generally established by parents or grandparents of a child with special needs to ensure that important public benefits can be accessed in the future or can be maintained if they are already available. The trust also is designed to see that monies…
SPECIAL NEEDS PLANNING: MORE THAN DOCUMENT DRAFTING
by Thomas D. Begley, Jr., Esquire, CELA Planning for families with special needs members involves a lot more than simply drafting a Special Needs Trust (SNT). Individuals with special needs, often children, grandchildren or other family members, require a considerable amount of care. The challenge really begins once the parents are gone. At that point, who is going…