» Dana Bookbinder to Speak on Special Needs Trusts for NJ ICLE

Dana Bookbinder to Speak on Special Needs Trusts for NJ ICLE

Moorestown, NJ (Law Firm Newswire) June 10, 2012 - Begley Law Group attorney Dana E. Bookbinder is speaking at the NJ ICLE seminar, "Special Needs Trusts: Key Strategies for Successful Planning & Administration."

The Begley Law Group

The seminar addresses the basics of special needs trusts. A special needs trust is designed to ensure that beneficiaries can use the assets as intended for their benefit. For attorneys, it is imperative that they have a solid understanding of the extensive issues that can be involved to best help clients plan for the financial security of a child with a disability.

"This special needs trust seminar is designed to give legal professionals a guide to properly plan for the future of the special needs dependent," stated Begley Law Group attorney Dana Bookbinder.

Bookbinder is speaking about the possible impact of the Affordable Care Act. Other topics covered include: how to set up a discretionary trust to supplement SSI income; advantages of trusts; tips on document drafting; how to best select a trustee and an overview of the trustee's duties; and issues in liquidation.

This NJ ICLE program has been approved by the Board on Continuing Legal Education of the Supreme Court of New jersey for up to 4.5 hours of total CLE credit. The seminar is in New Brunswick on Thursday June 27, from 9 a.m. to 1 p.m. at the NJ Law Center. Parties interested in registering can go to NJICLE.com for details or call 732-214-8500.

Attorney Bookbinder is a Certified Elder Law Attorney (CELA), accredited by the National Elder Law Foundation, and a Series 65 licensed investment advisor. Her practice areas focus on estate planning, disability planning, asset protection planning, elder law, life care planning, veteran’s planning, and estate & trust administration. She is also an accredited attorney for the preparation, presentation and prosecution of claims for veteran’s benefits before the Department of Veterans Affairs (VA). She has written about legal devices for asset, estate and tax planning for the New Jersey Law Journal’s Financial Planning Supplement, and is a member of the New Jersey State, Pennsylvania and District of Columbia bar associations.

Learn more at http://www.begleylawyer.com/

Colleen Caruso
Begley Law Group, P.C.
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 [...]

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