Posted by: Susan Green
On January 1, 2009, the Centers for Medicare and Medicaid Services (CMS) gave the New Jersey Department of Health and Senior Services (DHSS) approval to consolidate three Medicaid Waiver programs (Assisted Living/Adult Family Care (AL/AFC), Caregiver Assistance Program (CAP), and Community Care Program for the Elderly and Disabled (CCPED)) into one program called Global Options for Long Term Care (GO). Since this consolidation, at least 20% more participants have been served. Further, the average annual cost of GO is roughly two-thirds less than a nursing facility. GO is for individuals who are eligible for a nursing facility level of care, [...]
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Filed under Medicaid Planning, Medicaid Planning.
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Posted by: Susan Green
Bank Accounts The Federal Deposit Credit Union (FDIC) and the National Credit Union Share Insurance Fund (NCUSIF) insure banks and federally-insured credit unions, respectively. The FDIC, established in 1933 as an independent agency, insures all deposit accounts, including checking and savings accounts, money market deposit accounts, and certificates of deposit, placed in banks and savings associations, but it does not cover stocks, bonds, mutual fund shares, life insurance policies, annuities, or securities. If a member bank fails, the FDIC insures all depositors at that institution against loss up to a certain dollar limit. The current standard FDIC insurance amount is [...]
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Filed under Estate and Trust Administration, Estate Planning, Estate Planning, Guardianship, Medicaid Planning, Medicaid Planning, Special Needs Trusts, Special Needs Trusts.
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Posted by: Susan Green
Individuals often look for alternative means to plan their estates. Seeking to forego the expense of an attorney, many people attempt to create an estate plan through fill-in-the-blank documents sold at stationary stores. In more recent years, the Internet has become a mecca for both software and Internet-based programs that easily produce inexpensive wills and powers of attorney. But what is the true cost of utilizing these shortcuts? I am often asked to explain the advantage of consulting with an attorney instead of purchasing cheaper Internet-based documents. The low cost and instantaneous production of these documents are a dead giveaway [...]
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Filed under Estate Planning, News.
Tags: Estate Planning
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Posted by: Begley Law Group
Moorestown, NJ – February 21, 2012 – New Jersey estate and trust litigation attorney Ethan Ordog is having a very busy 2012. Between client meetings and court cases, he’s also very active in the legal community. Recently, he co-chaired the Burlington County Mock Trial Competition where nine high school teams competed in a fictional trial. The high school students got to be attorneys, plaintiffs, defendants, and witnesses to better understand the U.S. legal system. “More than 35 members of the bar volunteered to help the students coordinate the event and coach and judge them,” said Ordog, who also is a [...]
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Posted by: Begley Law Group
Moorestown, NJ – February 8, 2012 – Begley Law Group was honored at a February 3rd Walk Now for Autism Speaks awards reception for their fundraising contributions to the 2011 Southern New Jersey walk. Begley Law Group attorney Susan Green accepted a certificate for the firm’s efforts to raise money for autism. All the teams and individuals who were the top fundraisers were also recognized at the dinner and reception. “We are proud to be a supporter of Autism Speaks and to help their efforts to fund autism research and raise awareness,” said New Jersey estate planning attorney Susan Green, [...]
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Posted by: Begley Law Group
New Jersey Elder Law Attorney Awarded AV Preeminent Rating for 15 Years in a Row Moorestown, NJ – New Jersey elder law attorney Thomas D. Begley, Jr. marks 2012 with a 15th anniversary celebration of receiving the Martindale-Hubbell® AV® Preeminent™ rating. The AV Preeminent rating shows that his peers have nominated him for the highest standards in both his ethical behavior and quality of his legal work for 15 years. “I am honored to receive this distinction for 15 years in a row,” said Thomas D. Begley, Jr., of the Begley Law Group P.C. “My passion is to use the [...]
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Posted by: Begley Law Group
Moorestown, NJ – February 8, 2012 – Begley Law Group was honored at a February 3rd Walk Now for Autism Speaks awards reception for their fundraising contributions to the 2011 Southern New Jersey walk. Begley Law Group attorney Susan Green accepted a certificate for the firm’s efforts to raise money for autism. All the teams and individuals who were the top fundraisers were also recognized at the dinner and reception. “We are proud to be a supporter of Autism Speaks and to help their efforts to fund autism research and raise awareness,” said New Jersey estate planning attorney Susan Green, [...]
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Posted by: Thomas D. Begley, Jr.
If an SSI recipient or spouse of an SSI recipient disposes of resources for less than fair market value during a 36-month look back period,1 the individual is ineligible for benefits for a period of time. The period is calculated by dividing the uncompensated value of the transfer by the amount of the maximum monthly benefit payable, including any state supplement.2 The penalty is rounded to the nearest whole number with a cap of 36 months.3 The penalty begins the first month in or after which resources were transferred which does not occur during any other period of ineligibility.4 [...]
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Filed under Library, Medicaid Planning, Medicaid Planning.
Tags: Medicaid Planning, SSI
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Posted by: Thomas D. Begley, Jr.
There are a great many public benefit numbers and tax numbers that are adjusted on an annual basis. This chapter is designed to make these numbers readily available to Elder Law practitioners. The following are current numbers for 2012. I. 2012 FIGURES A. Medicaid $2,094 Income Cap[1] $113,640 Maximum Community Spouse Resource Allowance (CSRA)[2] $22,728 Minimum CSRA[3] $2,841 Maximum Minimum Monthly Maintenance Needs Allowance[4] (MMMNA) $1,891.25 MMMNA (July 1, 2012 until June 30, 2013)[5] $567.37 Excess Shelter Allowance (July 1, 2012 until June 30, 2013)[6] $2,000 Maximum Resource Limit (individual)[7] [...]
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Filed under Library, Medicaid Applications, Medicaid Planning, Medicaid Planning, Personal Injury Consulting.
Tags: Medicaid Applications, Medicaid Planning, Personal Injury Consulting, SSI
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Posted by: Susan Green
There are numerous issues that can confront an estate upon a decedent’s death. Any professional attempting to assist in the administration of the estate must, at the very least, recognize how to spot these issues and how to deal with them. 1. Determining the Continuation of Decedent’s Business Special issues arise when a decedent is the owner of a business, such as a sole proprietorship, or has an interest in a partnership, a limited liability company, and/or an S corporation. When the business owner dies, there must be a determination of whether the business should be continued, discontinued, or liquidated. [...]
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Filed under Estate and Trust Administration, Library.
Tags: Estate Administration, Estate Planning
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