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FACT GUIDE FOR NATIONAL TRUST TRAINING: THE IMPACT ON SPECIAL NEEDS TRUSTS

[This article was originally printed in the Straight Word, a publication of the Burlington County Bar Association.] FACT GUIDE FOR NATIONAL TRUST TRAINING:  THE IMPACT ON SPECIAL NEEDS TRUSTS by Thomas D. Begley, Jr., CELA The Social Security Administration (SSA) has divided the country into ten Regions. Historically, each Region has had one individual primarily…

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THE FUTURE OF SPECIAL NEEDS PLANNING

[This article was originally printed in the Straight Word, a publication of the Burlington County Bar Association.] THE FUTURE OF SPECIAL NEEDS PLANNING by Thomas D. Begley, Jr., CELA Special needs planning is a process of planning for the legal, personal, and financial needs of an individual with disabilities to enhance the quality of life…

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THE PERILS OF SERVING AS TRUSTEE OF A SPECIAL NEEDS TRUST

Two recent New York cases and an unofficial conversation with an unnamed official at the Pennsylvania Department of Public Welfare show trustees the importance of understanding their duties as trustees and putting the beneficiary first.  The cases are on opposite ends of the spectrum.  The first case[1] involved a Special Needs Trust with J.P. Morgan…

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ALWAYS USE A PROFESSIONAL TRUSTEE FOR A SPECIAL NEEDS TRUST

[Updated January 22, 2016] Choosing a Trustee Choosing a trustee of a special needs trust is a crucial decision to be made by the grantor of the trust. The range of options includes: Parent, sibling (or other individual) Financial institution Nonprofit organization Each of these possibilities has potential advantages and disadvantages. The appointment of a…

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