As your estate plan grows and expands, you will incorporate a variety of estate planning tools and strategies into that plan. One of the most common of those is a trust. If you do decide to add a trust to your estate plan, you will need to appoint a Trustee for that trust. Can you … [Read More]
Estate Planning Advice for LGBTQ Couples
Every adult should have at least a basic estate plan in place. For members of the LGBTQ community, both the need for comprehensive estate planning, and the benefits derived from that plan, are increased. Understanding why estate planning is so important for LGBTQ couples may help encourage you to get started on your plan or … [Read More]
Do You Need to Go Through Probate If There Is a Will?
If someone close to you recently passed away, you are undoubtedly going through the grieving process that follows a loss. The last thing you may want to focus on is the need to administer the decedent’s estate. If it appears that you are the logical person to do so, however, you will need to devote … [Read More]
State Income Taxation
States are all over the board in their taxation of income. Some tax at a low rate, some tax at a high rate, and some don’t tax at all. Read on to learn more about state income taxation and how you could avoid it. [Read More]
State Income Taxation of Nongrantor Trusts
States are all over the board in their taxation of income. This is doubly true when it comes to the taxation of nongrantor trusts. By using nongrantor trusts, you could avoid the state income taxation of property in that trust. Read on to learn more. [Read More]
New Tax Proposals
There are two new tax proposals being floated. One is an income tax proposal and the other is a wealth tax proposal. Read on to learn more about these proposals and whether they might impact you or your clients. [Read More]
Beneficiary Designations, etc., Aren’t a True Substitute for a Trust
TOD / POD, beneficiary designations, and joint tenancy can be simple ways to transfer assets at death. However, these simple methods lack some of the benefits of a trust. Read on to learn more. [Read More]
Connecticut Elder Abuse Registry Passes Committee
Elder abuse and neglect is something we should all be concerned about given the fact that we will all (hopefully) be among the elderly ourselves one day. Although elder abuse is not something new, it has only gained national attention in recent years, due in large part to the dramatic increase in the senior population. … [Read More]
Questions to Ask an Elder Care Attorney
The population of older adults in the United States has grown in recent decades at a historical rate — and shows no signs of slowing down in the decades to come. On the contrary, experts tell us that the older population (age 65 and older) will outnumber their younger counterparts (age 21 and younger) for … [Read More]
What Is an Incentive Trust?
Your initial estate planning efforts may consist of nothing more than executing a Last Will and Testament that ensures your assets will be distributed according to your wishes in the event of your sudden death at an early age. You will, however, undoubtedly elaborate on that plan as you acquire more assets and as your … [Read More]
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