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DRAFTING CONSIDERATIONS IN ESTATE PLANNING DOCUMENTS

by Thomas D. Begley, Jr., CELA [Article originally published in Straight Word] The basic Estate Planning package includes a Will, Living Will, and Powers of Attorney.  In some instances, a Living Trust is also included.   Will The purpose of the Will is to transfer property on death through the probate process.  The Will appoints an Executor who…

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USING TRUST PROTECTORS FOR SPECIAL NEEDS TRUSTS

by Thomas D. Begley, Jr., Esquire, CELA [Article originally published in The Barrister] 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…

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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…

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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…

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