ADDING VALUE TO YOUR CLIENT’S ESTATE PLAN PART 2
by Thomas D. Begley, Jr., CELA This is the second part of a two-part series on adding value to your client’s estate plan. (Click here for Part 1) Letter of Instructions A general Letter of Instructions can be very useful to the executor, health care representative, and agent under Powers of Attorney. Consider breaking a Letter of…
USING TRUST PROTECTORS FOR SPECIAL NEEDS TRUSTS
by Thomas D. Begley, Jr., Esquire, CELA When drafting a Special Needs Trust (SNT) it is always better to utilize the services of a Professional Trustee rather than a family member. However, the individuals establishing the trust are usually not comfortable with a Professional Trustee, because they are not familiar with the Trustee and are not…
SOLO AND SMALL LAW FIRMS: PLANNING FOR A BETTER FUTURE
By: Thomas D. Begley, Jr., Esquire, CELA When a law firm is established, whether it is a solo or small firm, the immediate concern is generating enough income to pay expenses and to provide for the lawyer and/or lawyers and their families. As early as possible, lawyers should start to think about their future. The years pass…
SPECIAL NEEDS PLANNING: MORE THAN DOCUMENT DRAFTING
by Thomas D. Begley, Jr., Esquire, CELA Planning for families with special needs members involves a lot more than simply drafting a Special Needs Trust (SNT). Individuals with special needs, often children, grandchildren or other family members, require a considerable amount of care. The challenge really begins once the parents are gone. At that point, who is going…