» Elder Law Leader Speaks at UCP Event, Meeting Life’s Challenges on Special Needs Planning

Elder Law Leader Speaks at UCP Event, Meeting Life’s Challenges on Special Needs Planning

Moorestown, NJ (Law Firm Newswire) November 27, 2012 - New Jersey elder law attorney, Thomas D. Begley, Jr., of Begley Law Group presented to families at “Tools for Meeting Life’s Challenges,” an informational seminar held in Philadelphia, PA., November 17, 2012.

The seminar covered topics such as the critical medical, legal, nursing and funding issues that face families of children with cerebral palsy or catastrophic physical disabilities.

As one of a select group of top speakers with expertise in the areas of special needs trusts, guardianships and powers of attorney, Begley spoke to families about how to select the ideal trustee and touched on other areas of concern for parents when planning a trust for a special needs child.

The seminar, open to the public, presented some of the many challenges that face the families of children with cerebral palsy or catastrophic physical disabilities, and outlined ways to manage them. Topics covered included: how to approach health care services in a high-quality and cost effective manner; tips on how to choose the best medical providers for an individual's needs; advocating for education options for a child with special needs; how to navigate the labyrinth of government services such as Medicaid; best coordination of multiple available benefits; legal options for dealing with cerebral palsy and other catastrophic physical disabilities; and options for securing future benefits through trusts and estate planning.

Begley Law Group is a premier law firm with more than 75 years of experience in the New Jersey area. Every partner at Begley Law Group is a recipient of the prestigious New Jersey Super Lawyers award. They are experts at elder and disability law and keenly aware of the latest legislative developments that are critical for their clients.

To learn more about Begley Law Group call 1.800.533.7227 or visit www.begleylawgroup.com.

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


  • COMPARISON BETWEEN TRANSFERS TO CHILDREN’S TRUSTS AND TRANSFERS TO INDIVIDUALS
    by Thomas D. Begley, Jr., CELA The following chart compares the advantages and disadvantages of an outright transfer of assets and putting assets in a Children’s Trust. Trusts v. Transfers Comparison Issue                    Children’s Trusts      Individuals Look-Back Five Years Five Years Control None None Risk Avoidance Yes No Estate Recovery Maybe No Income Tax Parent Children Gift Tax Maybe Yes Step Up in Basis Yes No Principal Residence Exclusion Yes No    
  • FUNDING AND TAX CONSIDERATIONS INVOLVING CHILDREN’S TRUSTS IN MEDICAID PLANNING
    by Thomas D. Begley, Jr., CELA Funding Many clients who use Children’s Trusts as part of their Medicaid planning are non-crisis planning clients. They either have an early diagnosis or are elderly but in good health. They are doing advance planning and want a sense of independence. They do not want all of their assets in a trust. Good practice dictates that the lawyer have a discussion with the client and determine how much the client feels should be kept out of the trust to give the client a feeling of comfort. The client should understand that the funds retained [...]
  • CHILDREN’S TRUSTS AND MEDICAID PLANNING
    by Thomas D. Begley, Jr., CELA (Originally published in the June issue of “The Straight Word”) Under a Children’s Trust typically a parent transfers assets to an irrevocable trust for the benefit of her children and reserves no right to access to either income or principal. One or more children usually serve as trustee. The trust document authorizes the trustee to distribute income and principal to children, subject to the approval of a trust advisor who is not a trust beneficiary. The trust advisor may be a spouse of a trust beneficiary or even an attorney or law firm. A [...]

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