Recent Blog Posts
What is a Directed Trust?
There are many different types of trusts that a person or entity can establish in Connecticut, and they have distinct aims and purposes. With the passage of new trust laws in Connecticut back in 2020, through which Connecticut adopted its own version of the Uniform Trust Code, more trust options became available in the… Read More »
What is a Lifetime Gift Tax Exemption?
Have you been taking advantage of the annual gift tax exclusion, or are you planning to do so in the future? For individuals or married couples in Connecticut with larger estates, the gift tax exclusion is often a helpful way to give assets to family members and other beneficiaries without incurring tax, and while… Read More »
Who Will Handle the Administration of Your Estate?
Who is going to handle the administration of your estate, and what is involved in this process? When you are beginning to work on your estate plan in Canton, one of the things you will need to think about is estate administration and who you want to name as an executor. While estate administration… Read More »
Should I Pay for Long-Term Care Insurance?
Should you be thinking about purchasing long-term care insurance for yourself and your spouse? Often, this is a question that middle-aged adults in their 40s and 50s begin to consider as they are assisting elderly parents with issues of long-term care, including Medicaid planning and paying for nursing home care. Most of us are… Read More »
Long-Term Care Planning in Middle Age
Are you at the age where you have a family of your own but you are also providing care and assistance to your elderly parents? If so, you are in the same company as many Connecticut residents in their 40s and 50s — firmly in middle age while in caregiving roles for the young… Read More »
Avoid These Common Errors in Connecticut Estate Planning
Estate planning in Connecticut is a complex process, and estate plans are tailored to the needs of the individual. While there are certain major components that should be in every person’s estate plan, there are individual details and situations that must be addressed on a case-by-case basis. In addition, many Connecticut residents’ estate plans… Read More »
How Estate Planning Can Help with Privacy Concerns
For many residents of Canton and the surrounding areas of Connecticut, privacy is an important concern when it comes to estate planning. You may want to maintain discretion when it comes to the value of certain assets you hold, and how those assets will be distributed. When assets are left through a will, however,… Read More »
Key Questions to Ask Yourself to Prepare for Estate Planning
Does the prospect of estate planning make you anxious or nervous? Many people in Connecticut assume that estate planning is going to be stressful, but in actuality, estate planning is likely to be a much more streamlined process than you might expect when you work with an experienced Connecticut estate planning lawyer. In order… Read More »
Why Special Needs Trusts May Be Essential for Individuals Who Require Lifetime Care
When an individual requires lifetime care — for a disabling condition that they have had since birth, for a medical condition that has arisen later in life, or due to a serious injury — it is often crucial to set up a special needs trust (SNT). A special needs trust is a particular type… Read More »
Can a Revocable Living Trust Replace a Will?
In creating an estate plan, many Connecticut residents have the goal of passing their property easily and quickly to loved ones, and allowing those beneficiaries to avoid the lengthy and often complex process of probate. One common way to do this is by placing your assets into a revocable living trust and designating beneficiaries…. Read More »