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ASSET PROTECTION STRATEGIES: HOW TO PROTECT YOUR ASSETS FROM CLAIMS OF CREDITORS

By Begley Law Group

By:  Thomas D. Begley, Jr., Esquire, CELA There are a number of strategies that are used to protect assets from creditors.  Some of them work, some of them do not.  Some work with limitations.  In considering asset protection strategies the Uniform Voidable Transaction Act (formerly known as the Uniform Fraudulent Transfer Act) must be considered. …

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Financing Long-Term Care in New Jersey – Begley Report

By Begley Law Group

By: Thomas D. Begley, Jr., Esquire, CELA Statistics show that approximately 70% of the population age 65 or over will require some form of long-term care.  Long-term care can be received at home, in an assisted living facility, or in a nursing home.  A statistic widely quoted is that the average stay in a long-term…

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BLENDED FAMILIES

By Begley Law Group

by Thomas D. Begley, Jr., Esquire, CELA             Planning for blended families can be challenging.  Blended families are married couples in which one or both spouses have children from a previous marriage or relationship, or they could be families whose children have spouses with children from a previous marriage or relationship.  Blended families are fairly…

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POST-SETTLEMENT OPTIONS FOR MINOR OR INCAPACITATED PERSONS

By Begley Law Group

by Thomas D. Begley, Jr., Esquire, CELA             Essentially, there are four options with respect to the treatment of settlement funds obtained on behalf of a minor or incapacitated person. Deposit with Court. Funds could be deposited with the court. There are virtually no advantages to this option, but several disadvantages. The disadvantages include: Generally,…

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