Some people choose to wait until after they are gone to pass down assets to children and other loved ones. Others, however, prefer to engage in lifetime gifting and pass down assets long before the end of their life. Lifetime gifting can actually provide some beneficial tax advantages as well as allowing you to observe … [Read More]
Three Key Reasons You Should Make Your Estate Plan Today
A Connecticut estate planning lawyer helps you to prepare a comprehensive estate plan that is appropriate for your current life stage and your current family and financial situation. Many people believe they have endless time to make an estate plan or aren’t sure if they actually need a plan. The reality is, every adult should … [Read More]
Planning to Enjoy Thanksgiving
Planning ahead is the loving thing to do. Whether it is for a Thanksgiving meal or for your estate plan, planning is imperative. This article points out the various consequences of your failure to plan, including the increased likelihood for family discord. Read on to learn how planning ahead can help achieve the desired results. [Read More]
Can I Lose My Medicaid Eligibility Once I Am Approved?
Throughout your working years, you may have been fortunate enough to enjoy employer-sponsored health insurance. As you near retirement age, however, you may find that your employer-sponsored insurance terminates, and Medicare takes over covering most of your health care expenses. One thing Medicare will not cover though is long-term care except under very limited circumstances. … [Read More]
Probate Steps for the Executor
For some time after the death of a loved one, most people experience a wide range of heightened emotions. If you are currently going through this emotional time period, the last thing you probably want to do is focus on the legal ramifications of your loved one’s death. If you were appointed to be the … [Read More]
Estate Planning is for You, Not Just Your Parents or Grandparents
If you’re young and unmarried, do you really need an estate plan? The answer is “yes,” if you care what happens to you and your stuff. Read on to find out how an estate plan can help someone who is young and unmarried. [Read More]
Special Accounts for People with Special Needs
ABLE accounts provide tax benefits and flexibility to disabled people. ABLE accounts are available to those disabled before age 26. Read on to learn more about ABLE accounts and how they can be used with a Special Needs Trust for maximum advantage. [Read More]
Planning for the Client Moving Overseas
In this increasingly mobile world, clients often spend periods of time living in other countries, or even retiring overseas. How does one address estate planning in this situation? This article explains what to do. [Read More]
New Asset Transfer Look-Back for VA Aid & Attendance Coming Soon: The Window of Opportunity is Closing Quickly!
The Veteran’s Administration is beginning asset limits for qualification for the Aid & Attendance benefit. The limit goes into effect on October 18, 2018. If transfers are made prior to October 18, 2018, they will escape penalties on the transfer and the client would qualify. Read on for more information on this unique opportunity. [Read More]
What Assets Can I Have and Still Qualify for Medicaid in Connecticut?
Many seniors are surprised when they realize they may need to rely on Medicaid to help them cover the often exorbitant costs associated with long-term care. Even more worrisome are the eligibility guidelines that include both income and asset limits. These guidelines can put your retirement nest egg at risk if you find yourself in … [Read More]
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