Author Archives: Brian Karpe
Disability Trusts & ABLE Savings In Connecticut
Are you or a loved one concerned about a disabled family member’s well-being and how their condition will be managed when you can no longer care for them? Is a simple trust not enough to meet their specific needs? You may have options. ABLE savings accounts are specifically designed for Connecticut special needs residents… Read More »
Should Your Hartford County Estate Plan Include Guidance For Student Loans?
More and more people are attending college. Colleges are charging astronomical tuition and room and board fees. Many attendees and former alumni use Federal and private student loans to supplement the cost of their education. While student loans have flexible repayment periods, the interest can sometimes exceed the principal. Student loan interest also has… Read More »
Social Security & IRS Senior Scams On The Rise
Government officials warn that 2022 will be the year of increased internet and telephone scams. While this does not come as a surprise to most, scams were extremely prevalent last year regarding Google, cryptocurrency, Medicaid, Social Security and the IRS. Authorities estimate that robocallers and other scammers are trying to take advantage of the… Read More »
Estate Planning For New Parents In Central Connecticut
You are expecting a child in 2022. You are overjoyed to start this journey as a new parent. But there is so much to do. You know you need to look for a college savings plan for your child, research health insurance, and apply for their Social Security card. You’ll also need to save… Read More »
Scam Alert: A Loved One Calls Claiming A Crisis Needing Money Immediately
A scam that is currently making its way around the country, and which particularly targets the elderly, is someone claims to be a loved one calls and says he or she is in terrible trouble. The caller further claims that the grandchild or child needs money very quickly to avoid issues and asks that… Read More »
Is A Connecticut Charitable Remainder Trust Right For Your Family?
Anita and Matthew are discussing the possibility of forming a revocable trust due to its tax shelter benefits. They know that an irrevocable trust is not the best option because they are still working and need access to funds once they reach retirement. However, a family friend has also mentioned the possibility of a… Read More »
Two Reasons Why Connecticut Wills Are Contested
Nick, Maria and Angelo are the three adult children of Gustavo, who recently passed away. Maria accompanied Gustavo to an estate attorney’s office three months prior to his death to revise his last will and testament. Gustavo intended to leave the proceeds of his estate in equal shares to all of his children and… Read More »
Understanding The Benefits Of A Connecticut Dynasty Trust
Recent changes to Connecticut Estate Laws now make it easier to plan for your future legacy and generations of wealth down the line. A dynasty trust no longer has to close after ninety years. When properly administered, a Dynasty Trust can benefit several generations and continue to shield the trust assets and their growth… Read More »
Tips For Preventing Elder Fraud And Identity Theft In Connecticut
Alison’s mom, Irene, is complaining that she constantly receives telemarketer calls all day and night. Now Irene says the Social Security Administration called telling her she had to update her bank account information with them or her social security check would not be sent for that month. Irene did as the caller said, explaining… Read More »
Is A Connecticut TOD Account Right For You?
If a revocable trust seems too complicated or expensive to consider for transfer of assets, but you still want to avoid Connecticut probate administration, is there another alternative? You’ve heard about transfer on death (TOD) and payable on death (POD) accounts, but are these accounts only useful for the transfer of bank account proceeds?… Read More »