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]
Use Of Trusts Can Reduce Estate Tax Liability
The federal estate tax stands between your loved ones and their inheritances and it is something to take very seriously. There are those who are under the impression that the estate tax is only levied on the rich, but in reality many people who would not consider themselves to be wealthy are in fact exposed … [Read More]
Hartford Connecticut Incapacity Planning: What Is the Nomination of a Guardian?
Incapacity planning is an important part of a comprehensive estate plan. People often equate estate planning to the transfer of financial assets, but there is more to it than that. If you think about it logically, people do not ordinarily pass away while they are still fully capable. A significant percentage of individuals become unable … [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]
Probate Avoidance in Hartford: Can Probate Be Avoided?
The process of probate is going to stand in the way of your heirs and their inheritances if you take no steps to arrange for asset transfers outside of probate. What is probate you ask? Probate is a legal process that allows a court to supervise the administration of an estate. This oversight is positive … [Read More]
What Are the Alternatives for Managing Property When a Person Becomes Incapacitated?
Incapacity planning is an important part of your overall strategy for aging. If you look at it logically, for the most part people do not suddenly pass away without going through a period of ill health. This can often involve losing the ability to make sound personal, medical, and financial decisions. What are the alternatives … [Read More]
What Are the Differences Between Legacy Wealth Planning and Traditional Estate Planning?
If you are an individual who is in possession of an extraordinary store of wealth, you should look beyond traditional [Read More]
Ruling Handed Down in DOMA Case
In the United States we have a federal estate tax. There is however a $5.25 million lifetime exclusion. Only the portion of your estate that exceeds this figure is subject to the estate tax. This exclusion applies to assets that you pass along to people other than your spouse. We have an unlimited marital deduction. … [Read More]
Connecticut Simplified Probate
If you have never researched the subject you may envision a certain scene that may take place after someone passes away. Family members gather together in a room and someone reads the last will of the deceased. A representative of some kind hands out checks and the matter is closed. In fact, things are much … [Read More]
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