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How to Plan for Children With Disabilities?

By Begley Law Group

by Thomas D. Begley, Jr., Esquire, CELA The Problem The problem for a special needs child begins when parents are either deceased or physically unable to continue to provide the care that the child needs.  As long as parents are living, they will do everything necessary to see that their child lives happily and as productively…

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INCOME TAXATION OF EMOTIONAL DISTRESS CLAIMS

By Begley Law Group

by Thomas D. Begley, Jr., Esquire, CELA Questions frequently arise with respect to the taxation of emotional distress claims.  As a general rule, damages for emotional distress are subject to income tax.  However, a careful analysis can result in the elimination of this tax.   Emotional Distress             Emotional distress has been defined as a highly unpleasant emotional reaction…

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ARE LEGAL FEES IN PERSONAL INJURY RECOVERIES TAX DEDUCTIBLE TO THE PLAINTIFF?

By Begley Law Group

by Thomas D. Begley, Jr., Esquire, CELA [Article originally published in The Barrister, Jan 2020] As a general rule, personal legal fees are not tax deductible, but legal fees in connection with business are deductible.  So, if a client gets divorced, this is personal and the legal fees are non-deductible.  If legal fees are paid in connection…

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USING TRUST PROTECTORS FOR SPECIAL NEEDS TRUSTS

By Begley Law Group

by Thomas D. Begley, Jr., Esquire, CELA [Article originally published in The Barrister] When drafting a Special Needs Trust (SNT) it is always better to utilize the services of a Professional Trustee rather than a family member.  However, the individuals establishing the trust are usually not comfortable with a Professional Trustee, because they are not familiar…

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