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SETTLEMENT PROTECTION TRUSTS

by Thomas D. Begley, Jr., Esquire, CELA What is a Settlement Protection Trust? A Settlement Protection Trust (SPT) is a support trust designed to provide for the health, education, maintenance, and support of the beneficiary.  Support includes buying a home, a vehicle, and arranging for a case manager as appropriate.  SPTs are generally used for…

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PLANNING FOR INDIVIDUALS WITH SPECIAL NEEDS PART 3

by Thomas D. Begley, Jr., CELA General This is the third part of a five-part series dealing with planning for individuals with special needs.  Part 1 discussed the reasons to establish a trust and some of the requirements for a Special Needs Trust (SNT).  Part 2 discussed Self-Settled Special Needs Trusts (SSSNTs).  This article will…

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ISSUES TO CONSIDER IN A NEW JERSEY WRONGFUL DEATH CASE

by Thomas D. Begley, Jr., Esquire, CELA New Jersey wrongful death cases can be complex.  A number of issues arise and the statutes are not always clear.  This article will discuss several important considerations.  Cases under the Wrongful Death Act have two components.  One is the wrongful death component, and the other is the survival…

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SETTLEMENT PROTECTION TRUST WITH SPECIAL NEEDS PROVISIONS: WHAT IS IT AND WHEN SHOULD I USE IT?

by Thomas D. Begley, Jr., Esquire, CELA What is a Settlement Protection Trust? Trusts are often useful devices in the settlement of a personal injury case. A settlement protection trust is a support trust designed to provide for the health, education, maintenance, and support of the beneficiary.  Support includes buying a home, a vehicle, and arranging…

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