Unfortunately, we sometimes speak with clients that come to us after a loved one has passed away. They are in difficult situations because of the mistakes that were made by their deceased family members. We do what we can to provide damage control, but our options are usually quite limited. This is disturbing, because in … [Read More]
Are Your Advance Directives in Place?
Estate planning is considered by many to be a purely financial exercise. Without question, you have to decide how you want your assets to be distributed after you are gone and state your wishes in a legally binding manner. However, a well-constructed estate plan will include another component. Sadly, many people become unable to communicate … [Read More]
Why Would You Use a Living Trust?
You have options when you are planning your estate, and you should understand them thoroughly so you can make informed decisions. A lot of people assume that a last will should be the centerpiece in almost all cases unless you are very wealthy, but this is not really the case. In many instances, a revocable … [Read More]
Connecticut Medicaid Planning Facts and Figures
We are going to share some important facts about the Medicaid program here, but before we do, we must provide some background information. On a surface glance, a lot of people would have no interest in this subject, because they know that they will qualify for Medicare when they are seniors. Why would you need … [Read More]
Will My Heirs Pay Taxes on Their Inheritances?
One of the things that would naturally enter your mind when you are planning your estate is the question of taxation. Will your heirs be required to pay taxes on inheritances that you leave to them? For the most part, the answers are encouraging, but there is one looming threat to your legacy. The Good … [Read More]
Economic Fallout from Coronavirus May Provide Opportunities
COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. While healthcare systems have fought the virus, economies have been hurt by the social distancing required to combat the virus. However, there may be an opportunity for those wishing to do certain types of Estate Planning. Read on to learn more. [Read More]
Coronavirus and Nursing Homes
The novel coronavirus, COVID-19, is spreading in the United States and across the globe. Social distancing and self-quarantine can help slow the spread. The virus is a particular threat to residents of nursing homes. Read on to learn more about the threat and how you can keep your loved ones safe. [Read More]
A Basic Estate Plan Blueprint
You should discuss your objectives with an estate planning attorney because there are multiple different approaches that can be taken. The ideal way to proceed will depend upon the circumstances, and this is why personalized attention is so very important. This being stated, there is a basic framework that applies to everyone in a general … [Read More]
Estate Planning Myths Vanquished
Far too many people harbor misconceptions about various aspects of the estate planning process. Unfortunately, in many cases, they wind up making uninformed decisions that yield negative consequences. In an effort to spread awareness, we will debunk some of these myths here. You can plan your own estate using tools that you get off the … [Read More]
Shrunken Asset Values Open Estate Planning Opportunities
COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. Not only has COVID-19 been challenging healthcare systems, but the social distancing required to combat the virus has also rocked financial markets. However, there may be an opportunity for those wishing to do certain types of Estate Planning. Read on to learn more. [Read More]
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