When someone passes away, who are the heirs of a deceased person? This is a question that we hear sometimes, and the answer is in your hands if you are proactive. We provide details in this post. Intestacy in Connecticut As we have touched upon at times, the studies that are conducted to gauge the … [Read More]
Guardianship and Conservatorship: Frequently Asked Questions
We find that clients sometimes have questions about guardianship and conservatorship. With this in mind, we will provide some clarity in this post, and this is an important elder law matter. What Is Child Guardianship? Caring.com has been conducting annual surveys to keep track of the estate planning preparedness of American adults. In 2022, two-thirds … [Read More]
What Are the Benefits of a Living Trust in CT?
The benefits of a living trust in CT are considerable, and we will take a look at the subject in this post. You may be surprised when you learn about the advantages that this very effective estate planning tool will provide. Total Control One of the misconceptions about trusts in general is the idea that … [Read More]
Overlapping Estate Planning Terms Can Be Confusing
$9.1 million this year. There is no federal inheritance tax, but there are six states with state inheritance taxes. This type of tax is levied on distributions to each individual inheritor rather than the entirety of the estate. Plus, in general, there are no large exclusions, but there are exemptions. Close relatives like children, spouses, … [Read More]
Will Your Legacy Plan Include Charitable Giving?
You can take a broader approach when you are planning your estate and look at it as a legacy planning endeavor. When you act in a more comprehensive manner, you help to shape the way you will be remembered after you are gone. We are going to look at charitable giving here, but first, we … [Read More]
Are There Any Connecticut Probate Shortcuts?
You should definitely know the basic facts about probate when you are making your estate planning decisions. In this post, we are going to focus on shortcuts that can circumvent the full process. However, we will start with a broad overview to help you see a complete picture. Estate Administration Most people assume that they … [Read More]
A Trust Can Facilitate Responsible Pet Ownership
Loneliness is a challenge for many seniors that have lost loved ones along the way. Clearly, a pet could make a world of difference, but responsible folks are going to have longevity concerns. Of course, you do not have to experience social isolation to benefit from pet ownership as an elder. Still, the $10,000 question … [Read More]
Jim Morrison of the Doors Made Huge Estate Planning Errors
July 3rd was the 51st anniversary of Jim Morrison’s death. He died in Paris back in 1971, and people are still enjoying the music that he helped create all those years ago. His estate is also making money, just as it has done for the last 50+ years. Who gets these funds? In this post, … [Read More]
Vacation Homes Can Trigger Ancillary Probate
Now that we have been enjoying the summer months, many people are spending time in their vacation homes. It is great to be able to get away from the grind and spend quality time with your family and friends. Plus, you make a good investment when you purchase carefully selected property. From an estate planning … [Read More]
How Can an Estate Planning Lawyer Help?
A lot of people do not understand why an estate planning lawyer is necessary. All you have to do is download a will template from a website, right? In reality, this are many reasons why legal counsel can be invaluable, and we will look at four of them here. Choosing the Right Asset Transfer Method … [Read More]
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