» New Jersey Elder Law Attorney Discusses Important Medicaid Changes in 2011

New Jersey Elder Law Attorney Discusses Important Medicaid Changes in 2011

Cherry Hill, NJ (Law Firm Newswire) June 9, 2011 - On June 6, noted elder law attorney Thomas D. Begley, III served as a panelist for the National Business Institute (NBI) program “Medicaid Update 2011” which was held at the Holiday Inn in Cherry Hill. This presentation was made to a diverse group of attorneys, accountants, and paralegals. His presentation included a discussion about qualifying clients for public benefits, planning tips and traps after the Deficit Recovery Act of 2006, and Medicaid estate recovery.

NBI provides continuing legal education for a variety of professions including the legal, accounting, and financial field. It gives substantive and practical knowledge so that attendees gain more skills and effectiveness for their respective practices. Begley is a frequent lecturer on elder law, estate, tax and disabilities planning, and estate and trust administration. As part of the Begley Law Group, he is aware of the latest Medicaid updates and how the new federal reforms vary from a state’s Medicaid policies.

“With the new framework, it’s very important to counsel clients on what is covered and what expenses they must pay for,” Begley said. “Having a working knowledge of the changes in 2011 will help an attorney advise their clients to make the best financial planning decisions.”

Begley is a former Director of the Elder Law Section of the New Jersey State Bar Association as well as a former chair of the Estate Planning and Probate Committee of the Burlington County Bar Association. The Begley Law Group is renowned for upholding the legal needs of the elderly and disabled. They are experts at drafting and reviewing asset protection plans and preserving an individual’s legacy for their spouse and children. For more than 75 years, the firm has served the southern New Jersey and Philadelphia community.

To learn more, visit www.begleylawgroup.com or call 800-533-7227.

Colleen Caruso
Begley Law Group, P.C.
509 South Lenola Road, Building 7
Moorestown, NJ 08057

To learn more or to contact a New Jersey special needs planning attorney, New Jersey estate planning lawyer, or New Jersey Medicaid planning lawyer, call 1.800.533.7227 or visit http://www.begleylawyer.com.

Begley Law Group
509 S. Lenola Road, Building 7
Moorestown, NJ 08057
Tel: 800.533.7227

  • Ethan Ordog Named to Emerging Leaders Class of 2017
    The Burlington County Times and the Burlington County Regional Chamber of Commerce have honored a class of 25 talented leaders in the business world and the community for recognition as the 2017 Emerging Leaders in Burlington County.  Begley Law Group’s Ethan Ordog was named to this prestigious list and was on hand for a banquet November 16th at the Aloft Mount Laurel.  For more information about the honors banquet click here. For more information about the class of 2017, click here. Also attending from Begley Law Group were Karyn VanBuskirk, Maria Micale and Betty Walker.
  • INCOME TAXATION OF CONFIDENTIALITY AGREEMENTS IN PERSONAL INJURY CASES
    by Thomas D. Begley, Jr., CELA Frequently, large personal injury settlements contain confidentiality agreements. Unless these agreements are handled properly, they can result in a significant income tax liability to the plaintiff. As a general rule, recoveries in personal injury actions are excluded from federal income tax under §104 of the Internal Revenue Code. However, the exception only applies to damages received on account of personal physical injuries or physical sickness. This exclusion is not available to monies attributable to medical deductions allowed in any prior taxable year. As a general rule, punitive damages are considered taxable income. If a [...]
  • PARENTS’ ESTATE PLANNING FOR PERSONAL INJURY VICTIMS
    by Thomas D. Begley, Jr., CELA  Personal injury victims frequently receive means-tested public benefits. They often establish Self-Settled Special Needs Trusts (SSSNTs) to hold the personal injury settlement, so that the settlement does not interfere with public benefits eligibility. However, it is important that parents not leave these children with disabilities monies as part of their estate plan. Parents should consider establishing a Third Party Special Needs Trust (TPSNT) and changing the beneficiary designations on their life insurance, retirement accounts and annuities accordingly. The parents cannot leave money to the SSSNT that may have already been established. The reason is [...]

See other news sources publishing this article. BETA | Tags: , , , , , , , , , , ,



Get headlines from Law Firm Newswire sent right to your inbox.

* indicates required