Long-Term Care Insurance Industry Reports Struggles Despite the potential benefits of long-term care insurance for many people, the long-term care insurance industry is facing significant challenges. Insurers have had to pay out higher than expected benefits. They have seen lower than expected returns on investments due to low interest rates. As a result, several major […]
Stuck in the Middle: Planning Challenges for the Sandwich Generation If you have parents and children alive at the same time, you are part of the Sandwich Generation. This term describes the phenomenon of being “sandwiched” between elderly parents and dependent children. A 2012 survey conducted by the Pew Research Center found that 47% of […]
In recent decades, an increasing number of people have built their families using assisted reproductive technology (ART), the best known example of which is in-vitro fertilization (IVF). With advances in technology, ART has become more and more successful at helping couples not only conceive, bring home healthy babies, and often . If your family has […]
It’s among the most difficult conversations parents and their adult children ever have: what plans have Mom and Dad made in the event of their death or incapacity? Yet as difficult as the conversation can be, having it can ward off a world of trouble. Not knowing an aging parent’s wishes for their care, or […]
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 estate and will needs or are named as an executor of an estate, a lot […]
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 is being handled well or that they are receiving their rightful share. […]
One of the questions I commonly get when helping a client with their will is whether they can or should name more than one executor to their estate in Connecticut. There are many reasons a person may consider naming more than one executor and the answer to the question depends on the circumstances. Most often this question […]
Wills are made to ensure that the property and money you’ve accumulated over the years goes to the people you want to receive it and not to anyone you don’t want to receive it. But if your will is not valid when it is entered into probate, there’s no guarantee that your estate will pass to your […]