There are those who harbor misconceptions when it comes to estate planning. One of these is the notion that trusts are only useful for wealthy people. It is true that certain types of trusts are used by those who could be described as wealthy. However, revocable living trusts are useful for people of relatively ordinary … [Read More]
What Will Happen to My Property If I Die Without a Will or Trust?
Many people do not prioritize estate planning. They are busy with their day-to-day lives and they reason that they will have time to think about estate planning at some point in the future. In fact, surveys consistently find that most American adults don’t have an estate plan in place. This is particularly true among younger … [Read More]
Trust Administration in Hartford CT: Can Someone Contest a Trust?
When you are drawing up your estate plan you should consider the possibility of someone stepping forward to challenge your wishes after you pass away. This is one of the reasons why you should be very forthcoming with your estate planning lawyer when you are putting a plan in place. If you leave out some … [Read More]
Three Things to Know About Living Trusts
You should be aware of all of your options when you are planning your estate. People are sometimes hardwired to the idea that estate planning revolves around a last will. In fact, you don’t have to use a will to arrange for the transfer of your assets, and there are reasons why you may want … [Read More]
Lack of Estate Tax Exposure Doesn’t Eliminate Need for a Plan
Though some people would prefer that it was otherwise we have an estate tax in place on the federal level. This is applicable in all 50 states. The amount of the estate tax exclusion in 2013 is $5.25 million, and the top rate of this death levy is 40%. Not every state has an estate … [Read More]
Does Your Trust Still Make Sense?
Perhaps you are among a minority of Americans who have been proactive about estate planning. The idea got into your head years ago, and you decided to create a [Read More]
GRAT Can Be Good Gamble
There are various different acronyms that are used in estate planning, and they oftentimes shorten rather wordy names for certain types of trusts. We like to highlight one of these from time to time, and in this post we will look at the GRAT or [Read More]
Trustee Has Fiduciary Responsibility
One of the reasons why some people shy away from the idea of utilizing a trust to arrange for the transfer of their assets eventually is because they don’t fully understand how these instruments work. They choose a last will instead, assuming that this is a simple and direct way to arrange for asset transfers. … [Read More]
Three Basic Estate Planning Terms
There are some foundational elements that are typically contained within Hartford estate planning lawyer. [Read More]
There Are Many Tools In The Estate Planning Toolkit
The typical layperson would have no reason to understand all of the nuances involved in estate planning. But the fact is that there are many tools in the estate planning toolkit, and you may not have heard of a lot of them. Of course the last will is the most commonly utilized estate planning vehicle, … [Read More]
( By appointment only )