Category Archives: Estate Planning
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 »
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 »
What is a Pour-Over Will?
While there are many different types of trusts that a person can establish under Connecticut law, from a revocable living trust to various kinds of irrevocable trusts, there is generally an assumption that there is only one kind of will. However, there are some distinctions in the type of will you create based on… Read More »
Updating Your Estate Plan After a Death in the Family
Whether a death in the family is expected due to long-term illness or occurs suddenly, this is often a time that may necessitate updating your estate plan. None of us want to think about the loss of a family member to whom we entrusted our own health care or finances through an advance directive… Read More »
What is Standby Guardianship in Connecticut?
If you are a parent of a minor child, it is critical for your estate plan to address guardianship of your child in the event of your death or your incapacity (and the child’s other parent’s death or incapacity). You may not realize it, but being able to name a guardian of your choice,… Read More »
Health Care Decisions and Estate Planning in Connecticut
When most people think about estate planning, they think about making a will and deciding who will inherit their property. There is significantly more to estate planning than making a will, and there are many ways to leave assets to loved ones and charitable entities outside a will. In fact, many estate planning tools… Read More »
What is the Connecticut Qualified Dispositions in Trust Act?
In Connecticut, Public Act 19-137 created an omnibus trust code that included, as Sections 99 to 108 of the code, the Connecticut Qualified Dispositions in Trust Act (QDTA). The Connecticut QDTA, and the rest of the Connecticut Uniform Trust Code, was enacted in 2019 and took effect in January 2020. Importantly, the Connecticut QDTA… Read More »
What High Nursing Home Costs Mean for Your Estate Plan
Nobody is eager to think about the possibility of needing nursing home or other long-term care in older age, yet there is a high likelihood that you or your partner will need this type of care. Data from Health and Human Services (HHS) suggests that about 70 percent of people aged 65 and older… Read More »
More Adults Should Be Creating Estate Plans
Do you currently have a will, advance directives, and other essential estate planning documents? Do your elderly parents have these documents in place? Estate planning — and creating a handful of documents in particular — is crucial for adults of all ages in Connecticut. Whether you are a parent of a minor child in… Read More »