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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…

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Vacation Area Homes: Tax and Management Issues – Begley Report

By: Thomas D. Begley, Jr., Esquire, CELA CASE STUDY 1:  VACATION HOME—NO ESTATE PLAN Harry and Sally own a vacation home on a barrier island.  They purchased the home many years ago for $50,000, and it is now worth $1 million.  Harry and Sally have two children and five grandchildren.  The children visit the vacation…

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New Study Reveals Medical Dangers of Isolation

[Originally published in the NAELA eBulletin] Those who are socially isolated are over 40% more likely to have a cardiovascular event, such as a heart attack or stroke, than those who were socially integrated, new research has shown.  The German study, presented May 23, 2020 at the European Academy of Neurology (EAN) Virtual Congress, found…

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Is Your Estate Plan Up-To-Date? Now is the Time to Make Sure It Is

by Thomas D. Begley, Jr., Esquire, CELA Unfortunately, the nation’s attention is focused on COVID-19.  This is something we have never experienced before. This is a good time to be sure that your Estate Planning documents are current.  Everyone over the age of 18 should have certain basic documents.  Depending on one’s situation and goals, it is possible to…

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