» Children With Special Needs Deserve a Strong Legal Advocate on Their Side

Children With Special Needs Deserve a Strong Legal Advocate on Their Side

Moorestown, NJ (Law Firm Newswire) August 11, 2011 - New Jersey special needs planning attorney Thomas D. Begley, III appeared “Talk Philly” on July 13 to discuss "Planning for a Child with Special Needs". The show on KYW-TV CBS 3 reminded viewers that every special needs child is an individual with their own set of personal, medical and financial concerns.

Begley is an expert special needs lawyer with decades of experience helping individuals and families throughout Pennsylvania and New Jersey at Begley Law Group, P.C. During the “Talk Philly” show, he discussed how a disabled child’s needs can vary over time as the child reaches 18 years old. Protective arrangements or guardianship rights can be established at this time to ensure a child’s financial, medical, and personal affairs can still be guided by the parents even if the child is considered an “adult”.

A big part of proper special needs planning involves tapping into government benefits that can greatly benefit the child. From Supplemental Social Security Income to Medicaid, having a qualified special needs attorney review the child and family’s finances for these benefits can equal a lot of savings. Medicaid, for example, can help pay for a disabled child’s medical bills, housing, and rehabilitative services.

It is equally important to go over financial resources for a child with special needs and set up the correct special needs trust. “You don’t want to just fill in the blanks or set up a trust without a legal advocate on your side,” said Begley. “Improper planning can cut off government benefits and do more harm than anything.”

Begley Law Group is well versed in Support Trusts and the most frequently used Supplemental Needs Trust. “We will give you solid advice to set up a trust fund that will supplement your child’s government benefits, so that they can still do fun things in their life such as go to summer camp or buy a flat-screen TV.”

The premier law firm is a recipient of the New Jersey SuperLawyers award and is known for championing their clients’ rights. Begley is an author and frequent lecturer on the topics of special needs planning, estate planning, and trust administration.

To watch the video, visitor to learn more, go to http://www.begleylawyer.com/videos/ or call 800-533-7227.

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

  • 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 [...]
  • COMPARISON BETWEEN A DISABILITY ANNUITY TRUST AND A DISABILITY ANNUITY SPECIAL NEEDS TRUST
    by Thomas D. Begley, Jr., CELA The chart below is a brief comparison between a Disability Annuity Trust (“DAT”) and a Disability Annuity Special Needs Trust (“DASNT”). Consideration              DAT          DASNT Typical Grantor Parent/Grandparent Parent/Grandparent Typical Trustee Family Member (Non-Beneficiary) Family Member (Non-Beneficiary) Assets Available Yes No SSDI/ Medicare Yes Yes SSI/Medicaid No Yes Transfer Penalty No No HEMS Standard Yes No SNT Standard No Yes  
  • CONSIDERATIONS IN DRAFTING A DISABILITY ANNUITY SPECIAL NEEDS TRUST
    by Thomas D. Begley, Jr., CELA There are four main issues to be considered in drafting any trust involving a potential Medicaid recipient. These include: Availability; Transfer of asset penalty; Payback provision; and Tax considerations, including income, gift and estate taxes. Let’s examine each of these issues in the context of a DASNT. Availability. The assets in the DASNT would not be available, because the trust would be designed to give the trustee complete discretion with respect to distributions. Standard Third-Party Special Needs Trust language would be used in designing the trust. The standard DAT language would also be included. [...]

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



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

* indicates required