A pour-over will is a legal document that works alongside your living trust to capture any assets you haven’t transferred into the trust by the time you die. When you pass away, those remaining assets “pour over” into your trust automatically, where they’re distributed according to your trust’s instructions. If you have a living trust, … [Read More]
Can You Give Inheritances in Advance to Limit Estate Taxes?
It is a natural human instinct to want to see the fruits of your labor enjoyably used by the people you love. If you plan to leave a significant financial legacy to your children, grandchildren, or other heirs, you might wonder why you should make them wait until you pass away. Beyond the emotional satisfaction … [Read More]
Medicaid Planning vs. Crisis Planning: What’s the Difference?
When long-term care suddenly becomes part of your family’s reality, planning decisions can feel urgent, emotional, and expensive. You may hear two phrases that sound similar but operate very differently: Medicaid planning and crisis planning. Understanding the difference helps you choose the right strategy, set realistic expectations, and avoid decisions that create penalties or delay … [Read More]
Family Loans: Should They be Addressed in Your Estate Plan?
Family loans can start with generosity, but if something happens to you, how they should be handled can cause family conflict. Helping a child, grandchild, sibling, or other relative financially can feel different from dealing with a bank. The arrangement may begin with a conversation, a handshake, or a transfer made during an urgent moment. … [Read More]
High-Net-Worth Estate Planning: Strategies to Preserve Your Wealth
Accumulating significant wealth takes decades of discipline, smart decisions, and often a degree of risk. Preserving it across generations requires something different: a coordinated legal and tax strategy that accounts for federal law, Connecticut’s distinct tax rules, and the specific structure of your assets. For many families in Connecticut, the stakes are real. Without intentional … [Read More]
What Happens to Your Child’s Inheritance in a Divorce?
You worked your whole life to build something worth passing on. The last thing you want is for a divorce to redirect part of that inheritance to someone outside your family. It’s a real risk, and one that careful planning can eliminate entirely. Inheritance Isn’t Automatically Off-Limits in a Divorce Most people assume that money … [Read More]
How to Use a Living Trust to Stagger an Inheritance
Creating a successful estate plan requires you to take a wide range of factors into consideration as well as blend numerous goals into one cohesive plan. Deciding who you wish to pass down your assets to is only the beginning for most people. You may also need to decide how you wish to pass down … [Read More]
Does the Five-Year Medicaid Look-Back Apply to Home Ownership Transfers?
Protecting the family home is a top priority for Connecticut seniors. A home represents decades of hard work and memories. Naturally, families want to pass this legacy down to their children. However, the rising costs of long-term care frequently threaten that security. As families explore ways to safeguard their property, a critical question arises. Does … [Read More]
Is a Handwritten Will Valid?
Is a Handwritten Will Valid? Most people do not have estate plans in place, and there are those that decide to take the matter into their own hands at some point. They will literally get out a pen and paper and record their final wishes, and they assume that the document will be valid. In … [Read More]
10 Costly Estate Planning Mistakes
Estate planning is essential for Connecticut residents, but you have to approach it properly. Unfortunately, far too many people fail to seek legal advice, and they make mistakes that can be very costly. Let’s look at 10 common estate planning errors that can yield negative consequences. 1.) Not Having a Plan at All Dying without … [Read More]
( By appointment only )