TOP TEN MISTAKES IN DRAFTING SPECIAL NEEDS TRUSTS
[This article was originally printed in the Straight Word, a publication of the Burlington County Bar Association.] by Thomas D. Begley, Jr., CELA There are a number of mistakes that scriveners make in drafting special needs trusts. This article will discuss those that frequently occur. Including a Payback Provision in a Third-Party Special Needs Trust….
SPECIAL PROBLEMS AFFECTING THE ELDERLY – PART 1
by Thomas D. Begley, Jr., CELA As the population of the United States tend to age and Baby Boomers begin retiring in large numbers, there are a number of problems that will affect the elderly that need to be addressed. Retirement Income. In 2012, people age 65 and older had an average income of $31,742,…
STRUCTURED SETTLEMENT V. LUMP SUM
by Thomas D. Begley, Jr., Esquire, CELA It is important to decide in each individual case how much of a personal injury recovery should be structured and how much should be lump sum. The instinct of many personal injury attorneys is to structure as much as possible to avoid having a plaintiff squander the funds….
ADVANTAGES AND DISADVANTAGES OF STRUCTURED SETTLEMENTS
by Thomas D. Begley, Jr., Esquire, CELA Advantages of Structured Settlements There are a number of potential benefits to an injured plaintiff in utilizing a structured settlement: Fiscal Restraint. The structured settlement prevents the injured plaintiff from squandering the settlement. Many clients receiving personal injury settlements have never had money, have never learned financial discipline,…