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Category Archives: Estate Planning

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Incorporating Life Insurance In Your Estate Plan

By Brian S. Karpe |

Death is a sore subject for many people. They want to live their lives without thinking about dying. However, we all need to be prepared for the inevitable. A good estate plan incorporates many elements. Life insurance may be one of them. More and more Connecticut residents are thinking about life insurance, especially since… Read More »

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The Difference Between Pooled Versus First-Party Special Needs Trusts

By Brian S. Karpe |

If you have a beneficiary that suffers from a serious physical and/or mental impairment or chronic illness and receives government assistance, you want to think about how you can allow that individual to receive their inheritance without sacrificing the government benefits they desperately need. A special needs trust may be the right estate planning… Read More »

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Should A Senior Spend Down Their Savings?

By Brian S. Karpe |

Over the course of a lifetime, people work and grow their financial and property assets. The earnings people have made have been saved and invested and can be modest to substantial. No matter how modest or robust one’s savings are, the thought of how to handle expenses after retirement while also providing for beloved… Read More »

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What Are The Main Differences Between Estate Planning And Estate Planning For Medicaid?

By Brian S. Karpe |

If you expect to need Medicaid, then you should create or update your estate plan for this potential. The truth is, that estate planning and estate planning for Medicaid are two different animals. When you are planning with Medicaid as a factor you have to do so in such a way that preserves your… Read More »

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Types Of Special Needs Trusts

By Brian S. Karpe |

When a person is receiving government benefits like Medicaid, these benefits do not cover all of the costs of daily life. Potentially, you may be taking care of these extra expenses for your loved one while you are still living, but if you pass on before your loved one, you will no longer have… Read More »

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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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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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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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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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