Begley Law Group Attorneys Named 2013 Super Lawyers
Moorestown, NJ (Law Firm Newswire) July 16, 2013 - Attorney Thomas D. Begley, Jr. and Dana E. Bookbinder of the Begley Law Group have been selected to the 2013 New Jersey Super Lawyers list.
The 2013 New Jersey Super Lawyers list designation is bestowed upon lawyers who have been judged to have extensive professional achievements, exemplary ethical standards, and are held in esteem by their peers. The process in which an attorney is selected as a Super Lawyer includes stringent peer nominations, evaluations, and research by third parties. Only five percent of attorneys are selected. Attorney Begley has been named a Super Lawyer annually since 2008; Attorney Bookbinder has been named a Super Lawyer since 2010. Attorney Bookbinder was also selected for inclusion in Super Lawyers–Rising Stars Edition from 2006 to 2009.
The continued Super Lawyer designation is a clear indication that the Begley Law Group, P.C., has the recognition of peers for extensive experience and knowledge in their practice areas.
"We are immensely proud of our reputation and our work supporting individuals and families in the New Jersey area,” commented Certified Elder Law Attorney Thomas D. Begley, Jr. “We take our commitment to the rights of the elderly and disabled seriously and appreciate that our dedication has been noted.”
Begley Law Group, P.C., brings more than 75 years of experience in elder law to the New Jersey and Philadelphia areas. Begley Law Group attorneys assist clients in long-term care planning, Medicaid applications, and Veterans Administration benefits. They advise and consult on personal injury settlements, designing special needs trusts and estate planning, special needs planning for parents of children with disabilities, and comprehensive approaches to estate and trust administration.
Super Lawyers is a rating service that identifies outstanding lawyers who have obtained an exceptional level of professional achievement and peer recognition in more than 70 practice areas. The annual selections are made using a multi-phase process that includes a statewide survey of lawyers, an independent research evaluation of candidates and peer reviews by practice area. The result is a credible, comprehensive and diverse listing of exceptional attorneys.
The Super Lawyers lists are published nationwide in Super Lawyers Magazines and in leading city and regional magazines and newspapers across the country. Super Lawyers Magazines also feature editorial profiles of attorneys who embody excellence in the practice of law. For more information about Super Lawyers, visit SuperLawyers.com.
Learn more at http://www.begleylawyer.com/
Begley Law Group, P.C.
509 S. Lenola Road, Building 7
Moorestown, NJ 08057
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by Thomas D. Begley, Jr., CELA The following chart compares the advantages and disadvantages of an outright transfer of assets and putting assets in a Children’s Trust. Trusts v. Transfers Comparison Issue Children’s Trusts Individuals Look-Back Five Years Five Years Control None None Risk Avoidance Yes No Estate Recovery Maybe No Income Tax Parent Children Gift Tax Maybe Yes Step Up in Basis Yes No Principal Residence Exclusion Yes No
- FUNDING AND TAX CONSIDERATIONS INVOLVING CHILDREN’S TRUSTS IN MEDICAID PLANNING
by Thomas D. Begley, Jr., CELA Funding Many clients who use Children’s Trusts as part of their Medicaid planning are non-crisis planning clients. They either have an early diagnosis or are elderly but in good health. They are doing advance planning and want a sense of independence. They do not want all of their assets in a trust. Good practice dictates that the lawyer have a discussion with the client and determine how much the client feels should be kept out of the trust to give the client a feeling of comfort. The client should understand that the funds retained [...]
- CHILDREN’S TRUSTS AND MEDICAID PLANNING
by Thomas D. Begley, Jr., CELA (Originally published in the June issue of “The Straight Word”) Under a Children’s Trust typically a parent transfers assets to an irrevocable trust for the benefit of her children and reserves no right to access to either income or principal. One or more children usually serve as trustee. The trust document authorizes the trustee to distribute income and principal to children, subject to the approval of a trust advisor who is not a trust beneficiary. The trust advisor may be a spouse of a trust beneficiary or even an attorney or law firm. A [...]