When planning for children with special needs, it takes special care to preserve their eligibility for public benefits. An ABLE account is a new way to preserve eligibility while gaining tax advantages. Read on to learn more about this new tool in planning for those who were disabled by age 26. [Read More]
New Year’s Greetings
Congress passed a new tax law just before leaving for the holidays. The new law temporarily doubles the estate, gift, and GST exemption. The law increases the standard deduction and limits deductions for state and local taxes. Read the article to find out more about the new law and how it will impact you. [Read More]
No Charitable Deduction in 2018?
The tax bills passed by the House and Senate would eliminate deductibility of state income tax and nearly double the standard deduction, dramatically reducing the number of people who would benefit from itemizing their deductions. As a result, most people would get no tax benefit from their charitable contributions. This article examines how a Donor Advised Fund could allow donors to make a contribution this year, getting a tax benefit, and then release the funds to charities in the future. [Read More]
Connecticut Senior Center Breaks Ground
A Connecticut elder law attorney can provide help to seniors in making plans to get the care and support they need as they grow older. Often, when seniors age, they experience age-related infirmities or develop illnesses that make living alone impractical or impossible. If this occurs, it becomes important for those seniors and their family … [Read More]
Top Reasons for Avoiding Probate
Hartford probate attorneys can provide help with the probate process. The process can be a lengthy and time consuming one and, while having a lawyer can reduce the stress associated with probate, many people would still prefer not to have to go through this process after a loved one passes away. Fortunately, there are ways to … [Read More]
Common Mistakes in Medicaid Planning
Medicaid planning is important because you may need to qualify for Medicaid and may be unable to do so if you do not have a plan in place. Medicaid is a means-tested benefit, which means if you have too many financial resources, you will not be able to get covered by the program. This could … [Read More]
How to Provide for a Disabled Relative Without Putting Medical Benefits at Risk
A Westport special needs planning lawyer can provide you with help making plans to provide for a relative who is disabled. It’s important that you do not just provide an inheritance or a financial gift to someone with a disabling condition unless and until you understand the ways in which that gift could affect the … [Read More]
When is Leaving an Equal Inheritance Inequitable?
Estate planning attorneys can provide you with help as you make important decisions about what you want your legacy to be. Some of the most important decisions that you will need to make are often centered around who you should leave your wealth to and how you should transfer your assets to best protect your property … [Read More]
What Services Do Glastonbury Estate Planning Attorneys Provide?
Glastonbury estate planning attorneys do far more than you might imagine to help you prepare for a secure future for yourself and for your loved ones. Many people assume that estate planning attorneys only help with the creation of a last will and testament, but this is not the case. An estate planning lawyer can help you to make … [Read More]
Basics of Estate Planning: Portability vs. Credit Shelter Trust
Portability can work well in some situations. But, there are many reasons setting up a credit shelter trust instead might be better in some situations. This article examines several reasons a credit shelter trust may result in a better outcome for the client. Read on to learn more. [Read More]
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