» Expert Special Needs Planning Attorney Appears on John Hancock Radio Show

Expert Special Needs Planning Attorney Appears on John Hancock Radio Show

Moorestown, NJ (Law Firm Newswire) July 21, 2011 - New Jersey special needs planning attorney Thomas D. Begley, III appeared on the John Hancock radio show on June 21, 2011. Begley discussed the importance of life planning for children with disabilities. He and Randy Zipse, the radio show host, highlighted how every family and special needs situation is unique, so parents need to get adequate counsel to ensure the best interests of the child are upheld.

“It’s never too early to plan,” Begley said. “You’ll want to find good financial and legal advice that respects your child’s individuality and so that their personal and financial needs are protected.”

Begley is a leading expert on special needs planning and practices law at the Begley Law Group, PC in New Jersey and Pennsylvania. He guides parents to honestly assess all the issues for a special needs child. These include:
• Addressing the child’s personal, medical and financial needs, before they turn 18 years old and after
• Setting up a protective arrangement to assign guardianship
• Creating power of attorney documents and a living will

Begley Law Group, PC has decades of experience assisting clients with disabilities. They help parents get access to government benefits for the child, including Medicaid and Supplemental Social Security Income.

“It’s critical to preserve these needs-based benefits and also properly establish a special needs trust to make sure there are financial resources for the child,” Begley said.

Improper planning can lead to government benefits being cut off, which is devastating to the child and family. Proper legal advice will allow special needs trust monies to supplement government benefits, not supplant it. Begley has also found that many families forget to update their other assets with a special needs child in mind. A beneficiary designation for life insurance, for example, should go to the special needs trust for the child and not the child directly to prevent government benefits from being eliminated.

All the Begley Law Group special needs planning lawyers are experts at public benefits law, trust law, and the tax laws affecting trusts and public benefits. Thomas D. Begley, Jr. was the founding General Manager of the Special Needs Alliance, an organization of leading attorneys specializing in special needs planning and trusts throughout the United States.

The John Hancock radio show is geared toward insurance advisors, attorneys, and certified public accountants. Randy Zipse, JD, CPA and VP and Senior Counsel, hosts the weekly show and manages a group of attorneys and case design consultants that help advisors with sophisticated estate planning cases.

To listen to the podcast from the John Hancock radio show, click on http://www.begleylawyer.com/2011/06/thomas-begley-iii-discusses-special-needs-planning-on-john-hancock-radio-jham/.

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

  • WHAT IS A SELF-SETTLED SPECIAL NEEDS TRUST?
    by Thomas D. Begley, Jr., CELA Trusts for disabled individuals who have not reached age 65 and are funded with assets of the disabled person are authorized under OBRA-93.[1] The trust is for the benefit of disabled persons. The person must be under 65 at the inception of the trust. While the trust must be established and funded prior to the beneficiary attaining the age of 65, it may continue after 65. If the trust is funded with a structured settlement prior to the beneficiary attaining the age of 65, the trust remains viable even though payments from the annuity [...]
  • WHAT IS A THIRD PARTY SPECIAL NEEDS TRUST?
    by Thomas D. Begley, Jr., CELA A Third Party Special Needs Trust is usually used in a Medicaid context not for the benefit of the grantor of the trust, but for the beneficiary. The grantor of the trust is typically a parent, but could be grandparent, sibling, other relative or friend. The grantor uses the grantor’s assets to fund the trust. The assets of the beneficiary cannot be used to fund a Third Party Special Needs Trust. In order for the trust to be a Special Needs Trust, the beneficiary must be disabled. Disability is usually determined by the fact [...]
  • USING SELF-SETTLED SPECIAL NEEDS TRUSTS TO PROTECT PUBLIC BENEFITS
    Many public benefits available to persons with disabilities, such as Supplemental Security Income (SSI) and Medicaid, place limits on income and certain types of assets. Exceeding such limits can lead individuals to lose some or all of their benefits. Individuals receiving SSI are limited to $2,000 of assets. For many individuals, their Medicaid is linked to their SSI. Today there are many Medicaid Waiver Programs. In many states the asset limit for these waiver programs is also $2,000, but this varies from program-to-program and from state-to-state. Assets held in ABLE accounts do not affect SSI until the ABLE account reaches [...]

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



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

* indicates required