Category Archives: Estate Planning
Is Your Estate Plan Missing Important Elements?
Do you currently have a will? Whether you are thinking about making a will with assistance from an estate planning lawyer in Connecticut, or you already have a will, you might assume that a will is all you need in order to have a thorough and complete estate plan. This is a common misconception,… Read More »
Connecticut’s Estate Tax
If you have a sizable estate in terms of its market value, one of the issues that will be important to discuss with your Connecticut estate planning lawyer is estate tax. Estate tax is a tax that is paid by the deceased’s estate based on the total amount of the estate at the time… Read More »
What Does “Transfer On Death” Mean in Connecticut?
Part of estate planning in Canton and for anyone in Connecticut involves identifying assets and the parties to whom you want those assets to be distributed upon your death. In other words, you will be thinking about your family and other loved ones, and thinking about what property you want them to inherit from… Read More »
Even 18-Year-Olds Needs an Estate Plan
If your teenager will soon turn 18, it is an important time to discuss estate planning with your child and with your Canton estate planning lawyer. Many people wrongly assume that estate planning is only for elderly adults or those with chronic illnesses, and it is appropriate to put off estate planning until you… Read More »
Who Needs a Durable Power of Attorney?
Creating a power of attorney document is often an important component of estate planning in Canton and throughout Connecticut. There are different types of powers of attorney that a person can create, but most often a person will create what is known as a durable power of attorney. If you have never created a… Read More »
Reviewing Your Estate Plan When Your Spouse Dies
Experiencing the death of a spouse is devastating at any age, and regardless of whether it was something you were able to plan for in some respects or something that occurred suddenly and without any kind of warning. Nobody wants to think about the possibility of a spouse being diagnosed with a terminal illness,… Read More »
What is Special Needs Planning?
If you have a disabled child, or a disabled loved one for whom you provide financial support or care, part of your estate planning process likely should include special needs planning. Likewise, if you have a disability yourself, it is important to consider special needs planning in connection with any other estate planning you… Read More »
Retaining a Life Estate in Your Home
Part of any estate planning process in Canton or elsewhere in Connecticut involves working with an attorney to consider who will inherit your assets after you die, and how those individuals or entities will inherit your assets. In addition, for many people, estate planning involves discussions with a Connecticut estate planning lawyer about protecting… Read More »
Estate Planning and Digital Assets
Estate planning in Connecticut often involves a range of documents and tools to ensure that assets are protected and that family members, loved ones, and charitable entities will be able to receive those assets smoothly after your death. The specific documents that make up a person’s estate plan will depend in part on the… Read More »
Should Millennials Consider Estate Planning
A common misconception about estate planning — a process that involves creating a will, considering guardianship issues, executing advance directives, establishing trusts, and more — is that it is only something you need to do when you are much older or if you become ill. Yet in truth, all adults should be thinking carefully… Read More »