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Category Archives: Estate Planning

EstPlan22

How Estate Taxes Work In Connecticut

By Brian S. Karpe |

A common question we get is, “Will my heirs have to pay an estate tax?” In most cases unless the current laws change, the answer is no. The estate tax only applies in cases where individuals die leaving millions of dollars in assets. Still, because laws change, it is important to understand how the… Read More »

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How Does Intestate Succession Work In Connecticut?

By Brian S. Karpe |

As we get older we start to think about the need for certain life event documents such as a will. At the same time, many of us put off making a will, perhaps because we do not want to contemplate death, we do not think we have “enough assets” to justify even having a… Read More »

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PetTrust

Estate Planning? Don’t Forget About Your Pets

By Brian S. Karpe |

When thinking about estate planning, you may be worried about who will get your vehicle, house, furniture, or sports memorabilia. But have you thought about your pets? It’s something to think about, especially if you are terminally ill or of advanced age. Your dog eagerly awaits your arrival from home. Your cat enjoys cuddling… Read More »

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EPlan1

Estate Planning For Digital Assets

By Brian S. Karpe |

So, you’re getting your affairs in order. You have assets such as your car, home, bank accounts, furniture, jewelry, heirlooms, and collections. But have you thought about your digital assets? As the name implies, digital assets are those possessions that exist in a digital format. Digital assets can be found online or perhaps on… Read More »

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Planning3

Why You Need To Update Your Estate Plan

By Brian S. Karpe |

Statistics show that more than half of adults in the United States do not have a will or any other estate plan in place. Having an estate plan is important if you want your assets distributed per your wishes, so why don’t more people have them? While the COVID pandemic has brought about a… Read More »

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EstatePlan8

What Are Common Mistakes Associated With Connecticut Trust Administration?

By Brian S. Karpe |

Andrea decides that she should form a revocable trust to hold some of her assets, including tangible and intangible property. She has amassed several commercial properties and thinks transferring ownership to the trust would make her life easier. She finalizes the trust on her own without consulting an attorney, nominating her best friend as… Read More »

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IP

Intellectual Property Estate Planning For Hartford County Residents

By Brian S. Karpe |

When we think about drafting our own will and estate plan, we know to make a list of tangible personal property and financial assets such as our home, vehicle, furniture, vacation home, and retirement accounts. But what about other items we don’t think about often? What about intangible assets and works belonging uniquely to… Read More »

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Should Your Hartford County Estate Plan Include Guidance For Student Loans?

By Brian S. Karpe |

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 »

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NewParents

Estate Planning For New Parents In Central Connecticut

By Brian S. Karpe |

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 »

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EstPlan22

Is A Connecticut Charitable Remainder Trust Right For Your Family?

By Brian S. Karpe |

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 »

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