Recently, the New Jersey Supreme Court granted a Petition for Certification I filed asking the Court to review a decision of the appellate division denying a request by my client, a retired fireman, to designate as beneficiary of his public pension death benefits a special needs trust he established in his Last Will and Testament. This [...]
Entries Tagged as 'Government Pensions'
N.J. Supreme Court Grants Certification To Review State’s Refusal To Permit Retired Firefighter To Name Special Needs Trust As Beneficiary Of Pension For His Disabled Child
March 18th, 2013 · No Comments
Tags: Assignments of Income · Elder Law · Estate Planning · Government Pensions · Governmental or Public Benefit Programs · Medicaid · New Cases · News Briefs · Retirement Benefits · Special Needs Planning · Special Needs Trusts · Supplemental Security Income (SSI) Benefits · Trusts
The Frustrating Tale Of A Retired Firefighter Repeatedly Denied The Right To Plan His Estate To Benefit His Severely Disabled Child
November 18th, 2010 · No Comments
Thomas Saccone is a retired Newark, NJ firefighter. He and his wife’s only son, Anthony, suffers from severe mental disabilities. Tom is a long-standing estate planning client of my law firm. Tom has shown himself to be a devoted husband and father who is relentless in his efforts to plan his estate in order to [...]
Tags: Civil Service Benefits · Elder Law · Estate Litigation · Estate Planning · Government Pensions · Governmental or Public Benefit Programs · New Cases · Retirement Benefits · Special Needs Planning · Special Needs Trusts
New Regulations Prevent Debt Collectors From Seizing Federal Benefits Deposited Into Bank Accounts
May 18th, 2010 · Comments Off
The Treasury Department and the four major benefit agencies, the Social Security Administration, the U.S. Department of Veterans Affairs, the Office of Management and Budget, and the Railroad Retirement Board, are jointly releasing new rules which prevent banks from seizing Social Security and other federal benefits from customers facing debt collectors. The new rules would [...]
Tags: Civil Service Benefits · Federal Employees Retirement System Benefits · Government Pensions · Governmental or Public Benefit Programs · New Laws · Railroad Retirement Benefits · Social Security Benefits · Supplemental Security Income (SSI) Benefits · Veterans Benefits
Union County’s Promise To Provide Health Coverage For Life In Exchange For Early Retirement Not Binding
January 6th, 2010 · No Comments
In Rodbart v. County of Union, 2009 N.J. Super. Unpub. LEXIS 3084 (December 21, 2009), Union County was sued by three retirees who expected the County to pay their Medicare Part B premiums for life if they accepted early retirement. Two of the retirees were former Union County assistant prosecutors and the other served as [...]
Tags: Government Pensions · Medical Insurance · Medicare · New Cases · Retirement Benefits
Pension bill would allow deferrals of 401(k) and IRA withdrawals in 2009
December 17th, 2008 · No Comments
Congress approved legislation that would allow retirees to defer withdrawals from their 401(k) plans and individual retirement accounts in 2009 without triggering a penalty. President Bush is expected to sign the bill. Ordinarily, seniors age 70½ and older are required to withdraw a minimum amount from their tax-deferred retirement savings plans every year and pay [...]
Tags: 401(k)s and IRAs · Estate Planning · Government Pensions · Taxation