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BLENDED FAMILIES
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…
POST-SETTLEMENT OPTIONS FOR MINOR OR INCAPACITATED PERSONS
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,…
WHAT FAMILY LAW ATTORNEYS NEED TO KNOW ABOUT SELECTING THE TRUSTEE OF A SPECIAL NEEDS TRUST
by Thomas D. Begley, Jr., Esquire, CELA In a Family Law setting, a Special Needs Trust for a spouse with disabilities receiving alimony or equitable distribution is advantageous. In other situations where a child with disabilities is receiving child support, the value of a Special Needs Trust can be significant. Once the decision to…
FEATURES TO BE CONSIDERED IN PERSONAL INJURY RELATED TRUSTS
by Thomas D. Begley, Jr., Esquire, CELA There are a number of considerations when a personal injury trust is being utilized in connection with a personal injury recovery. The types of trusts commonly used are: Special Needs Trust. A Special Needs Trust (SNT) is for an individual receiving, or who may be eligible to…