Whom should you name as the beneficiary of your IRA or Qualified Plan? Sometimes, it can be best to name a trust for your intended beneficiary. Read on to see the protections a trust can offer that a direct designation of the individual would not. [Read More]
Prenuptial Agreements Can Provide Remarriage Protection
Requiring a prenuptial agreement before your spouse remarries can provide peace of mind and protect your spouse, your children, and their inheritance. If you leave your assets in a trust for your spouse and children, you can require your spouse obtain a prenuptial agreement before remarriage. This can protect your loved ones. Read on to find out more about prenuptial agreements. [Read More]
Estate Planning is About More Than Taxes
Estate Planning addresses many concerns, not just taxes. It can protect beneficiaries from their own creditors, provide divorce and remarriage protection, and protect the benefits of children with special needs. Learn more about how Estate Planning can help protect your beneficiaries by providing privacy and other benefits. [Read More]
Aretha Franklin Died Intestate: What Does It Mean for Her Family?
Aretha Franklin died intestate. Intestacy has definite drawbacks. Read on to see what this means for her family, financially and in other ways. Aretha was the Queen of Soul, but her lack of planning caused consequences she did not consider. [Read More]
Celebrity Estate Planning Lessons: Aretha Franklin
We all lost a legend recently with the passing of music icon Aretha Franklin, known to the world as the “Queen of Soul.” With a career that spanned half a century and produced such unforgettable songs as “Respect,” “Chain of Fools,” and “Think,” Aretha’s legacy will not soon be forgotten. That legacy includes a fortune … [Read More]
Be Careful When Transferring Assets In Case You Need to Qualify for Medicaid in the Future
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]
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