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SMART WAY TO MAKE CHARITABLE CONTRIBUTIONS (AGE 70-1/2 OR OLDER)

by Thomas D. Begley, Jr., Esquire, CLEA             There are two ways to make charitable contributions.  One would be to simply write a check to the charity and claim a charitable deduction on your income tax return.  The other would be to make a Qualified Charitable Distribution (QCD).  This article will discuss the pros and…

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HOW TO PROVIDE FOR YOUR GRANDCHILDREN

Providing for your grandchildren in your estate plan is a great way to commemorate the bond between you and your grandchildren and to allow your grandchildren to appreciate you long after you are gone.             There are many goals that you, as a grandparent, often have to set your grandchildren up for future success: Pocket…

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Financing Long-Term Care in New Jersey – Begley Report

By: Thomas D. Begley, Jr., Esquire, CELA Statistics show that approximately 70% of the population age 65 or over will require some form of long-term care.  Long-term care can be received at home, in an assisted living facility, or in a nursing home.  A statistic widely quoted is that the average stay in a long-term…

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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…

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