ESTATE PLANNING FOR GRANDCHILDREN
by Thomas D. Begley, Jr., CELA Goals A grandparent-grandchild relationship is a special one. Perhaps because of the differences in age, or perhaps because grandparents have already raised one child or a family of children, they have a different viewpoint with respect to their grandchildren. Grandparents often have the following concerns: Pocket Money. They want…
USE OF SEPARATE LIST OR MEMORANDUM FOR THE DISPOSITION OF PERSONAL PROPERTY
by Thomas D. Begley, Jr., Esquire, CELA The New Jersey Probate law permits the use of a separate writing or memorandum to dispose of your tangible personal property. If you wish to use such a writing or memorandum rather than itemize various items of tangible personal property in your Will, you should know and follow…
Understanding Estate Planning – Begley Report
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…
Protecting The Home: Using Trusts To Protect Your Home From The Costs Of Long-Term Care – Begley Report
by Thomas D. Begley, Jr., Esquire, CELA INTRODUCTION Studies show that 43% of Americans will spend some time in a nursing home. Seventy percent will require some form of long-term care be it nursing home, assisted living or home care. The cost of this care can range from $25 – $28 per hour or more…