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PROVIDING FOR YOUR GRANDCHILDREN – Begley Report

By:  Thomas D. Begley, Jr., Esquire, CELA CASE STUDY:  GRANDPARENTS USE BOTH ESTATE PLANNING AND LIFETIME GIFTS TO ASSIST GRANDCHILDREN Harry and Sally have two grown children and four grandchildren who are all under age 18.  Harry and Sally are close to their children, Bill and Irene.  The grandchildren are a source of joy and pride and occupy a…

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PROTECTING YOUR ASSETS FROM CREDITORS: ARE YOU BULLET-PROOF? – Begley Report

By:  Thomas D. Begley, Jr., Esquire, CELA Many business and professional people have worked for a long time and have accumulated significant assets.  They hope to benefit themselves and their families during their working careers and also in retirement.  The first step in asset protection planning would be to do a risk analysis.  What are the likely litigation threats…

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PLANNING FOR YOUR BUSINESS – Begley Report

By:  Thomas D. Begley, Jr., Esquire, CELA CASE STUDY 1:  INADEQUATE BUY-SELL AGREEMENT LEADS TO LITIGATION Three physicians are in practice together.  Their corporation was formed 15 years ago, at which time articles of incorporation were filed, a buy-sell agreement was signed, stock certificates were issued, and all basic corporate formalities were followed.  The buy-sell agreement provides a cross-purchase…

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PLANNING FOR SPECIAL NEEDS CHILDREN AFTER WE ARE GONE – Begley Report

By:  Thomas D. Begley, Jr., Esquire, CELA Planning for children with special needs is extremely important, and often completely overlooked or done haphazardly.  The problem is many of our children with disabilities will be unable to take care of themselves after we are gone.  As long as we are living, we will do everything necessary to see that…

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