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What are the statutory requirements for a Self-Settled Special Needs Trust?

A Self-Settled Special Needs Trust is a vehicle authorized by Congress under OBRA ’93. By utilizing this type of trust, a beneficiary can maintain eligibility for important public benefits, such as SSI and Medicaid, and enjoy the benefit of the personal injury settlement. In authorizing Self-Settled Special Needs Trusts, Congress imposed six conditions: • Assets…

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GOVERNOR CHRISTIE CREATES ALZHEIMER’S STUDY COMMISSION

On Thursday, June 23, 2011, Governor Chris Christie signed the bill to Establish a New Jersey Alzheimer’s Disease Study Commission (S125/A322). Initially introduced in June 2009, the bill creates a fifteen person commission  that will review all aspects of the Alzheimer crisis and make recommendations to the Governor and Legislature on how to develop integrated and…

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Thoughts and Considerations for Executors

Upon a decedent’s passing, it is necessary for the executor named therein to analyze the amount and value as well as the types of assets making up the estate to determine if it shall be necessary to “probate” the decedent’s last will and testament. Probating such a document, and the corresponding qualification of the executor…

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