» Estate Planning

Planning for a Loved One with Special Needs   In general, a trust is a legal device whereby property of some sort (real estate, cash, tangible personal property, etc.) is managed by a person, termed the Trustee, for the benefit of certain other peop… Read More

Successor Trustee Meeting May 2014   On May 31, 2014 we held our annual Successor Trustee Meeting.  More than 80 of our clients and their family members attended!  We were delighted to see such a crowd, and even more delighted to spend some time c… Read More

Preserving Wealth Over Generations Several common sayings refer to the phenomenon of losing inherited wealth.  One is “shirtsleeves to shirtsleeves in three generations.”  Another is “the first generation makes it, the second spends it, and t… Read More

Signing Nursing Home Admission Agreements As A Responsible Party   When a person is admitted to a nursing home, it is often a family member who manages the details of the move.  If you are managing a loved one’s transition into a nursing home, y… Read More

Planning for Pets: Why a Will Won’t Ensure Your Furry and Feathered Loved Ones Are Taken Care Of  According to a recent survey by the American Pet Products Association, 68% of U.S. households include at least one pet.  Those of us with pets often… Read More

Recent Case Raises Concerns about Certain Transfers of Assets by a Medicaid Applicant to a Community Spouse: Many Medicaid applicants who need care in a nursing home have spouses who are able to continue living at home (“Community Spouses”).  T… Read More

Pre-Paid Funeral and Burial Contracts for Medicaid Recipients You may have heard that you will have to “spend down” virtually all of your income and assets to qualify for Medicaid.  However, there are some exempt assets that Medicaid applicants… Read More

Where Do I Live for Income Tax and Estate Tax Purposes? Domicile vs. Residence Many Connecticut residents live elsewhere for a significant part of the year.  For example, you may stay in Cape Cod for the summer, or you may go down to Florida for the… Read More