When you die without a will or trust, your estate enters a legal state known as intestacy. This can lead to significant complications and uncertainties for your loved ones. When you understand the consequences, you can see why proper estate planning is important. The Intestacy Process If you die intestate in Connecticut where we practice, … [Read More]
Medicaid Planning Can Preserve Your Legacy
When you hear the term “Medicaid planning,” your first reaction may be confusion. Medicaid is a health insurance program for people with very sparse resources. Why would you want to hatch a plan that will put you in this position? This is a good question, and it is at the core of the most pressing … [Read More]
A Pet Trust Can Ease Longevity Concerns
Owning a pet can bring immense joy and significant health benefits. Pets provide companionship, they reduce stress, and pet ownership encourages physical activity. However, for seniors, ensuring a pet’s well-being in the long term requires careful planning. Fortunately, a pet trust can offer a solution to address longevity concerns and make responsible pet ownership possible. … [Read More]
A QTIP Trust Can Provide Inheritance Protection
One of the primary benefits of working with an estate planning lawyer to develop your plan is their knowledge of asset transfer methods. There are trusts that can help you accomplish specific goals, so there is no reason to accept an approach that is less than ideal. Developing an estate plan as a parent who … [Read More]
Huge Estate Tax Exclusion Reduction Is Looming
Estate planning attorneys emphasize the fact that this is an ongoing process because things change. You may experience life events that make portions of your estate plan obsolete, and events that are outside of your control can enter the picture as well. Changes to existing laws would fit into the latter category, and there is … [Read More]
Preserve Essential Benefits With a Special Needs Trust
There are many different ways to facilitate asset transfers when you are planning your estate. The best way to provide for one person on your list may not be ideal for the next. It is possible to be flexible and create a plan that is tailor-made to suit your specific family dynamic. With this in … [Read More]
Elder Law Alert: Medicaid Should Be On Your Radar
In addition to the out-of-pocket expenses that you have to pay for Medicare-covered health care treatments and visits, there is one void in the coverage that is a very big deal. If you require living assistance as a senior, Medicare will not help with the expenses. This is the most pressing elder law issue that … [Read More]
Your Estate Plan Should Suit Your Specific Needs
A lot of people think that an estate plan is limited in scope. You cut up slices of a pie via the terms of a will, and the rest will take care of itself after you pass away. The idea is that there is a generic way to proceed, and that’s the end of the … [Read More]
Estate Planning for the Millennial Generation
The vast majority of adults in the United States do not have estate plans in place. As you would expect, estate planning for the millennial generation is not widely embraced, but it doesn’t stop there. Caring.com has been conducting surveys on an annual basis to measure the estate planning preparedness of Americans. According to the … [Read More]
Veterans Pension Can Give Wartime Vets a Boost
As elder law attorneys, we have a thorough understanding of government benefits for seniors, and this includes veterans. Most people have heard of the retirement pension that career service members can receive after 20 years of service. The amount that you would receive will increase if you stay in the service for longer periods. This … [Read More]
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