When a person dies leaving assets owned individually in the decedent’s name only, those assets will need to pass through a court-supervised process known as “probate.” The primary probate for a decedent is conducted under the jurisdiction of…
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Last month, in its unanimous decision in Clark v. Rameker, the United States Supreme Court decided that an inherited IRA does not have the same bankruptcy protection as a non-inherited IRA.
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The Consequences of Life Estates
A life estate is a form of ownership in which property owners transfer ownership in their property, most commonly their home, while retaining the right to use and occupy it for the remainder of their lives. This typ…
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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…
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Ancillary Probate: What It Is and How to Avoid It
Probate is the process by which a court grants a person authority to deal with property owned by a deceased individual (“decedent”). If this person was named in the decedent’s will, he or sh…
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What to Consider When Firearms Are Part of Your Probate Estate
If you are a gun owner in Connecticut, you have probably been thinking about how the state’s new gun laws will impact you. As you take steps to ensure you are complying with the new l…
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It’s always difficult to lose a loved one, particularly a parent, spouse, or child. But the difficulty of the loss can be magnified if one believes that the lost family member left behind a will that should not be honored for some reason.
The decis…
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Most people have very little involvement with probate procedures, wills or the distribution of estate assets. Although they may have received an inheritance, few actually get involved on a detailed level. So when it comes time to consider their own e…
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In probate proceedings, the Final Account, which is also called the Administration Account in Connecticut, is the statement filed with probate court that shows the final disposition of an estate’s assets after all debts, taxes and expenses relatin…
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When a person passes away and leaves an inheritance behind for loved ones, it’s natural for the person’s heirs and beneficiaries to want to know what they have been left. It’s also natural for these individuals to want to make sure the estate i…
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