856.235.8501

POST-SETTLEMENT OPTIONS FOR MINOR OR INCAPACITATED PERSONS

by Thomas D. Begley, Jr., Esquire, CELA             Essentially, there are four options with respect to the treatment of settlement funds obtained on behalf of a minor or incapacitated person. Deposit with Court. Funds could be deposited with the court. There are virtually no advantages to this option, but several disadvantages. The disadvantages include: Generally,…

Read More

TYPICAL PROBLEMS WITH SPECIAL NEEDS AND SETTLEMENT PROTECTION TRUSTS IN PERSONAL INJURY RECOVERIES

by Thomas D. Begley, Jr., Esquire, CELA             Money in a Special Needs Trust (SNT) must be expended solely for the benefit of the trust beneficiary in a judicious manner to ensure that all of the needs of the trust beneficiary are met over a lifetime. Money in an Settlement Protection Trust (SPT) for a…

Read More

FEATURES TO BE CONSIDERED IN PERSONAL INJURY RELATED TRUSTS

by Thomas D. Begley, Jr., Esquire, CELA             There are a number of considerations when a personal injury trust is being utilized in connection with a personal injury recovery.  The types of trusts commonly used are: Special Needs Trust. A Special Needs Trust (SNT) is for an individual receiving, or who may be eligible to…

Read More

PLANNING FOR SPOUSES WITH DISABILITIES IN A FAMILY LAW SETTING

by Thomas D. Begley, Jr., Esquire, CELA In planning for spouses with disabilities in a Family Law setting careful analysis must be made of the spouse’s immediate needs and also what, if any, public benefits the spouse is receiving or may be entitled to receive in the near future.  Financial issues impacting the spouse would…

Read More