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COUNSELING SESSION WITH PLAINTIFFS AND FAMILIES AFTER A PERSONAL INJURY RECOVERY

by Thomas D. Begley, Jr., Esquire, CELA A counseling session should be held with all of the important players to identify immediate cash needs, develop a budget, design the plan of distribution, and begin the process of managing expectations. One of the most significant discussions will be how long the trust is expected to last….

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TYPICAL PROBLEMS WITH SPECIAL NEEDS AND SETTLEMENT PROTECTION TRUSTS

by Thomas D. Begley, Jr., Esquire, CELA             Frequently the proceeds of personal injury recoveries are placed in a Special Needs Trust (SNT) when the plaintiff is receiving means-tested public benefits or a Settlement Protection Trust (SPT) when the plaintiff is a minor, an incapacitated person or wants help in investing and managing money over…

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TEN REASONS TO SELECT A PROFESSIONAL TRUSTEE – Begley Report

By: Thomas D. Begley, Jr., Esquire, CELA  New Jersey estate planning attorneys prepare many types of trusts for a variety of purposes. Common examples of estate planning trusts include special needs trusts, standard support trusts, discretionary support trusts, disclaimer trusts, bloodline trusts, incentive-based trusts, retirement plan trusts, and trusts for Medicaid planning purposes. At the…

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WHEN A SPECIAL NEEDS TRUST IS NOT THE ONLY ANSWER

by Thomas D. Begley, Jr., Esquire, CELA            Many personal injury cases involve plaintiffs with long-term disabilities.  This person may need a variety of supports throughout his or her lifetime including SSI, Medicaid, Federally-Assisted Housing, Energy Assistance, and Food Stamps.  Many of these programs are means-tested, and to be eligible the beneficiary may benefit from…

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