Begley Law Group Named as one of the Top 75 Law Firms in Philadelphia
Moorestown, NJ (Law Firm Newswire) April 2, 2012 - Begley Law Group was recently awarded as one of the Top 75 Law Firms in the Philadelphia Business Journal. The business journal ranks businesses in a variety of industries and based their results on submissions from other local attorneys. Their standing will be published in the upcoming book of lists that ranks 5,579 local law firms.
“This is a notable accomplishment that Begley Law Group has received numerous years,” said estate planning attorney Thomas D. Begley, Jr. “We work very hard to exceed our clients’ expectations and give them solid legal advice.”
Begley Law Group has served the Philadelphia area and Southern New Jersey for more than 75 years as a comprehensive life care planning law firm. The firm is called upon to lead national conferences, author books about estate planning and special needs planning, and called on by other lawyers for their skills in personal injury consulting.
“We excel at protecting a person’s assets and using our expertise to put documents and strategies in place that uphold your rights and create a better life for our clients and their loved ones,” said Begley.
Their team of five attorneys and extensive support staff are experienced in all the aspects of elder and disability law. They are accomplished in:
Life Care Planning
Estate & Trust Administration
Estate & Trust Litigation
Special Needs Planning
Veteran’s Aid & Attendance
Personal Injury Settlement Consulting
Begley Law Group, P.C.
509 S. Lenola Road, Building 7
Moorestown, NJ 08057
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- 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. [...]
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