There are invariably going to be a number of different people on your inheritance list. Each person is in a unique situation. You should take this into account when you are planning your estate, because there is no one-size-fits-all approach. There are various different ways that you can arrange for assets to be transferred to … [Read More]
Should I Use My Unified Exclusion in Hartford Connecticut While I’m Living?
There is an estate tax in the United States, and there is also a gift tax. The two taxes are unified, so there is a unified exclusion. What Is the Unified Exclusion in Hartford Connecticut? The exclusion is also called a credit, and this is the amount of property that you can transfer to others … [Read More]
What Is an Elder Law Attorney in Hartford CT?
When you are looking for an attorney for any purpose, you should consider areas of emphasis. Different attorneys focus on different aspects of the law. If you want to plan your estate, you should find a legal professional who specifically focuses on estate planning. Most estate planning attorneys also deal with [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]
What Is Probate in Connecticut?
The process of [Read More]
Connecticut Estate Planning: What Is the Marital Deduction?
Most people have heard of income tax deductions, and there are income tax issues that involve married couples specifically. However, the term “marital deduction” has relevance within the estate planning community. It has nothing to do with income taxes in this context. What this refers to is the ability of a surviving spouse to inherit … [Read More]
Incapacity Planning in Connecticut: What Is a Living Will?
The process of estate planning should extend beyond the distribution of financial assets. Before you expire there may be an interim during which you are incapacitated. You may be unable to make and communicate your own decisions at that time. Is this a pleasant proposition to consider? Of course not, but it is a stark … [Read More]
Choosing a Medical Decision Maker
When you are planning your estate there are obviously financial considerations. You must decide who will be receiving inheritances, how much each individual will be getting, and how you will be getting the money into their hands. You have a number of different options, and the best way to proceed would be to discuss them … [Read More]
Survey Finds Most Without Living Will
Every estate plan should contain an incapacity component. It is very possible that you will become unable to communicate before you pass away. Decisions may become necessary, and you may not be able to make them for yourself. If you want to be comprehensively prepared you should execute documents called advance directives for health care. … [Read More]
Intestate Succession Laws in Hartford: What Happens if I’m Single When I Die?
Many people put off [Read More]
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