Category Archives: Estate Planning
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 »
Helping Your Elderly Parent with Long-Term Care and Medicaid Planning
Are you among the many adults just now reaching middle age or having recently entered middle age? If so, you are also part of two generations who are increasingly helping to address issues related to elderly parents’ long-term care needs and the financial realities of their situations. According to an article in Business Insider,… Read More »
Why the Location of Your Will is Important
Do you already have a will that you made with help from an estate planning attorney in Connecticut? Or do you have plans to make a will? Whether you have an existing will or you will soon be making one, it is more important than you might think to consider where you will store… Read More »
Estate Planning Before a Major Trip
Are you currently making plans for a major vacation, or time away either domestically or internationally? If so, it is also an important time to be sure that you have an estate plan in place and that it is up to date. Nobody likes to think of the possibility of something going wrong on… Read More »
Can I Still Control Assets in a Trust?
Have you been thinking about creating a trust as part of your estate plan in Canton? If so, you may know that one of the major benefits of a trust is that assets can be distributed from a trust without having to go through the probate process in Connecticut. As such, your beneficiaries can… Read More »
What is Connecticut’s Medicaid Asset Spend-Down Option?
If you are among the high percentage of older adults who ultimately need long-term care — about 70 percent of people aged 65 and up will need some form of long-term care, according to the Administration for Community Living (ACL) — you will need a way to pay for it. The ACL and Administration… Read More »