How Can the Begley Law Group Help Me With Estate Administration in New Jersey? – Begley Report
By: Thomas D. Begley, Jr., Esquire, CELA and Ethan J. Ordog, Esquire The administration of an estate by an Executor or an Administrator, often called a Personal Representative, is a complex process that can be difficult and time consuming. If the Personal Representative makes an error, he or she can be held personally liable and…
RETIREMENT PLAN TRUSTS – Begley Report
By: Thomas D. Begley, Jr., Esquire, CELA INTRODUCTION The United States Supreme Court in a 9-0 unanimous ruling held that an inherited IRA is not protected in bankruptcy under federal law.[1] Heidi Heffron-Clark inherited an IRA from her mother in 2001 and filed for bankruptcy nine years later. The court held that the IRA was not shielded from…
PLANNING FOR INDIVIDUALS WITH SPECIAL NEEDS PART 1
by Thomas D. Begley, Jr., CELA General According to Annual Disability Statistics Compendium published by the federal government, in 2014 there were 39,674,679 individuals with disabilities living in the community, a prevalence rate of 12.6%. This number is increasing as disabilities, such as Autism and Alzheimer’s Disease, become more prevalent. Non-institutionalized civilians with disabilities age…