Financial planning attorneys will advise you to remain apprised of your net worth at all times. There are a number of different reasons for this, and one of them is the fact that you need to know exactly where you are in the present to determine if you are on the proper course for retirement. … [Read More]
The Estate of Ed Koch
The former mayor of the city of New York Ed Koch died on February 1st at the age of 88. He actually served three terms as the mayor of the city after serving as a member of the United States House of Representatives. More often than not you can learn something about [Read More]
Powerball Winner & Estate Taxes
The Powerball lottery is quite a phenomenon in the United States. Ordinary people have the opportunity to win extraordinary sums of money, even though the odds are extremely slim. Many of us have imagined winning this type of jackpot. We formulate all kinds of plans regarding what we would do if we were to come … [Read More]
How Large of an Estate Can Pass Federal Estate Tax Free?
You may think that you can just arrange for the distribution of your assets to your loved ones after you pass away without worrying about taxation. However, there is in fact a federal estate tax in place. Many people question the fairness of this tax. The money that you are able to accumulate throughout your … [Read More]
Estate Planning Seminars
The more that you understand about estate planning, the more likely it is that you will take action to protect your own interests and those of your loved ones. Estate planning is not always as simple as expressing your wishes with regard to the slicing up of a monetary pie. Different families have different concerns, … [Read More]
Does Your Estate Plan Need an Update in 2014?
They say that time flies, and 2013 is now behind us. As you turn the page and enter a new year, you may be revisiting some of the things on your to-do list that you have been procrastinating about. With this in mind, have you looked at your estate plan in a while? Ongoing Process … [Read More]
What If I Create a Joint Tenancy With My Child?
Joint tenancy is the condition of joint ownership. Let’s say that you own a home outright. You can add a joint tenant to the deed, and the joint tenant becomes a co-owner of the property. Joint tenancy can potentially be used when you are [Read More]
Medicaid, SSI, and Special Needs Trusts
The Medicaid program is a need-based program. It is not available to people who have significant personal resources to draw from. Supplemental Security Income (SSI) is also a need-based program. Many people who have disabilities rely on these programs. Medicaid provides health insurance to those who can qualify. SSI delivers a modest amount of monthly … [Read More]
Probate in Hartford Connecticut: Does It Cost Anything?
The contact our firm to request a free consultation. [Read More]
Do I Have to Pay Taxes When Someone Leaves Me Money?
It can sometimes seem as though you are taxed at every turn, and taxation potentially comes into play when you are planning your estate. We will look at the matter in this post. Inheritance Recipients If you are the recipient of an inheritance, do you have to pay income taxes on this windfall? This is … [Read More]
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