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Posts By Thomas D. Begley, III

Attorney At Law

Why is estate planning crucial for individuals and their loved ones?

Estate planning is vital as it ensures that individuals can enjoy their assets during their lifetime while also ensuring that their assets are distributed according to their wishes after they pass away. Unfortunately, many people do not receive proper advice when...

Handling Estate Administration in New Jersey

What are the initial steps for someone named as an executor in New Jersey after a loved one passes away? In the first couple of weeks, it's crucial to secure the original will, obtain a certified copy of the death certificate, and schedule an appointment with the...

Funding Your Trust: Essential Steps for Estate Planning

What does funding a trust mean when someone signs their trust documents? Funding a trust ensures that the assets owned by an individual flow through the trust as intended. It involves directing assets or titling them correctly to ensure they pass through the trust...

What is the difference between inheritance tax and estate tax in New Jersey?

In New Jersey, the estate tax is a tax on the estate itself, while the inheritance tax is levied on the heirs based on the amount they receive and their relationship to the deceased. The estate tax has been repealed in New Jersey since January 1st, 2018, and the...

Choosing the Right Executor or Trustee in New Jersey: Avoiding Costly Fiduciary Mistakes

Why has fiduciary abuse become the leading cause of probate litigation in New Jersey? Thomas Begley reports that over 30 years, executor, trustee, and power-of-attorney misconduct now surpasses will contests and guardianships. Clients meticulously allocate assets but...

Should You Deed Your New Jersey Home to Your Children? Key Risks and Smarter Alternatives

Why do New Jersey seniors consider transferring their home to children during lifetime? Thomas Begley identifies three primary concerns—avoiding probate, minimizing taxes, and shielding assets from long-term care costs. However, no universal solution exists; improper...

Special Needs Planning for Loved Ones

Special needs planning ensures that individuals with disabilities receive proper care and financial support while preserving their dignity and government benefits. This episode of The Estate Blueprint explores alternatives to guardianship, the role of special needs...

Estate Planning for Second Marriages

Estate planning for second marriages requires careful strategies to balance support for a new spouse with obligations to children from prior marriages. This episode of The Estate Blueprint explores common pitfalls, such as improper beneficiary designations and poorly...

Understanding Guardianship for Minors and Adults

Guardianship ensures that trusted individuals manage the personal, financial, and medical affairs of minors or incapacitated adults. This episode of The Estate Blueprint explores the appointment of guardians through wills for minors, the complex court process for...

Essential Lifetime Planning Beyond a Will

Effective estate planning extends beyond a will to ensure protection during one’s lifetime. This episode of The Estate Blueprint explores the necessity of advanced medical directives and general durable powers of attorney to manage medical and financial decisions...

Essential Lifetime Planning Beyond a Will

Effective estate planning extends beyond a will to ensure protection during one’s lifetime. This episode of The Estate Blueprint explores the necessity of advanced medical directives and general durable powers of attorney to manage medical and financial decisions...

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Planning for Long-Term Care Costs with Medicaid in New Jersey

Navigating long-term care costs requires strategic planning to protect assets and ensure quality care. This episode of The Estate Blueprint, Planning Your Future with Tom Begley examines Medicaid eligibility in New Jersey, debunking myths about spending down all...

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Fiduciaries Must Account, or else…NEW

ServicesOur Practice AreasEstate AdministrationAfter the passing of a loved one, the responsibility of administering their estate can feel overwhelming. Executors and trustees can greatly benefit from the guidance of an experienced professional to maximize the...

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How About the “Will App” for iPhone?

ServicesOur Practice AreasEstate AdministrationAfter the passing of a loved one, the responsibility of administering their estate can feel overwhelming. Executors and trustees can greatly benefit from the guidance of an experienced professional to maximize the...

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It’s Not Just Documents

ServicesOur Practice AreasEstate AdministrationAfter the passing of a loved one, the responsibility of administering their estate can feel overwhelming. Executors and trustees can greatly benefit from the guidance of an experienced professional to maximize the...

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