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Understanding Estate Planning

By Thomas D. Begley, Jr. What Is Estate Planning? Estate planning is the process by which an individual defines his or her goals for passing assets to beneficiaries and chooses appropriate tools and strategies for achieving those goals.  The process begins with a careful analysis of one’s situation, objectives, and potential tax liability. Only after…

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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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ANATOMICAL GIFTS

by Thomas D. Begley, Jr., CELA Some clients are willing to make gifts of their bodies for medical research. The New Jersey Revised Anatomical Gift Act is found at N.J.S.A. 26:6-77 et. seq. Rutgers-Robert Wood Johnson Medical School (RWJMS) has an Anatomical Association that can be helpful in facilitating these gifts. Gifts may be made…

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ORGAN DONATIONS

by Thomas D. Begley, Jr., CELA Attorneys preparing Wills for clients should always also prepare a Living Will or Health Care Power of Attorney and ask the client if he or she is willing to make an organ donation. Every ten minutes someone is added to the National Transplant Waiting List. On average, 92 transplants…

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