SPECIAL NEEDS PLANNING: MORE THAN DOCUMENT DRAFTING
by Thomas D. Begley, Jr., Esquire, CELA Planning for families with special needs members involves a lot more than simply drafting a Special Needs Trust (SNT). Individuals with special needs, often children, grandchildren or other family members, require a considerable amount of care. The challenge really begins once the parents are gone. At that point, who is going…
PLANNING FOR INDIVIDUALS WITH SPECIAL NEEDS PART 4
by Thomas D. Begley, Jr., CELA General This is the fourth part of a five-part series dealing with planning for individuals with special needs. Part 1 discussed the reasons to establish a trust. Part 2 discussed Self-Settled Special Needs Trusts (SSSNTs). Part 3 discussed Third Party Special Needs Trusts (TPSNT). This article will focus on…
SETTLEMENT PROTECTION TRUSTS
by Thomas D. Begley, Jr., Esquire, CELA What is a Settlement Protection Trust? A Settlement Protection Trust (SPT) is a support trust designed to provide for the health, education, maintenance, and support of the beneficiary. Support includes buying a home, a vehicle, and arranging for a case manager as appropriate. SPTs are generally used for…
SETTLEMENT PROTECTION TRUST WITH SPECIAL NEEDS PROVISIONS: WHAT IS IT AND WHEN SHOULD I USE IT?
by Thomas D. Begley, Jr., Esquire, CELA What is a Settlement Protection Trust? Trusts are often useful devices in the settlement of a personal injury case. A settlement protection trust is a support trust designed to provide for the health, education, maintenance, and support of the beneficiary. Support includes buying a home, a vehicle, and arranging…