A Court Appointed Guardian Took Everything Away From Her – Elder Law Preparation in CTIn the planning work we do for our clients we always address the issue of conservatorships. A conservator, also termed a guardian in many states, is an individual appointed by a Probate Court to look after the financial and/or personal affairs of […]
Most people love their children and would like to provide well for them. And how better to provide well for your children than to give them abundant wealth? Well, estate planners appreciate how wealth can be both a blessing and a curse. In particular, most parents do not recognize how harmful it can be to […]
The Estate of Prince – Valuation is Tricky (Part 2) Last week we discussed how Prince died without a Will and several problems that that is causing in the process of estate settlement. This week we consider another aspect of Prince’s estate settlement: the challenges of properly valuing assets in estate settlement. At the […]
The Estate of Prince – a Royal Mess (Part 1) Everybody knows you should have a Will. Although we caution our clients that having a Will alone will leave many important planning issues unaddressed, not having a Will creates a number of problems that can easily be avoided. And sadly, according to one survey referenced […]
Banks Refuse to Honor a Durable Power of Attorney Because of a Small Name ProblemA Durable Power of Attorney (“POA”) can be a useful tool in estate planning. In a POA, a person termed the “principal” gives legal authority to a different person, termed the “agent,” to take certain actions on the principal’s behalf. But […]
Banks Refuse to Honor a Durable Power of Attorney Because of a Small Name Problem.A Durable Power of Attorney (“POA”) can be a useful tool in estate planning. In a POA, a person termed the “principal” gives legal authority to a different person, termed the “agent,” to take certain actions on the principal’s behalf. But […]
We often say here at the firm that change is one of the few certainties in life. Depending on our stage of life, change can be exciting, fun, relieving, and anxiety-provoking. It is safe to say that change can be hard to endure. Older adults who have established their lives and homes for many years […]