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Benefits and Best Practices in Pre-Settlement Lending in Personal Injury Cases
MECHANICS OF A PRE-SETTLEMENT LOAN Since a lawsuit itself is essentially the collateral to secure the finance company’s advances, the lending company will obtain information from the personal injury attorney concerning the case. They will follow these steps to offer the monies: Evaluation. The pre-settlement lending company evaluates the case and determines the likelihood of…
Tom Begley, Jr. Discusses Long Term Care Planning in the Huffington Post
In an article written by April Rudin in the Huffinton Post, The Begley Law Group’s Tom Begley, Jr. talks about the importance of working with an elder law attorney as well as ways to prepare for long term care. Read the entire story on The Huffinton Post: http://www.huffingtonpost.com/april-rudin/a-difficult-read-how-to-p_b_784138.html.
Trustee Advisor, Trust Advisory Committee or Trust Protector in a Special Needs Trust Situation
Where there is a professional trustee rather than a family trustee, there may be a trust advisor, trust advisory committee or a trust protector. Trustee Advisor. A commonly used technique is to name a trustee advisor. A trustee advisor can advise the trustee without actually making decisions. In most cases, the independent trustee will rely…
Four Alternatives to Self-Settled Special Needs Trusts
A self-settled special needs trust is not appropriate in every instance where a person with a disability receives a tort recovery, an inheritance, or equitable distribution. At the initial contact, the special needs trust attorney should make a determination as to whether or not the trust is appropriate and explain to the person with a…
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