Life Care Planning Lawyers – CT While there is currently no national tracking of instances of financial exploitation of elders, a recent study conducted by the National Institute of Justice found that about 60 percent of the study’s adults over the age of 60 had been targeted by scams. Additionally, many seniors find themselves victimized […]
In December 2014, the federal government enacted a new law called “The Achieving a Better Life Experience Act” (“ABLE”). The general premise of ABLE is to permit certain disabled individuals to set up a special bank account that would be disregarded as an asset for most federal public benefits, such as Medicaid. This would allow […]
Over the last two decades, changes in the estate tax laws have caused a great shift in the focus of estate planning. At one time, the primary issue was avoiding a 55% estate tax rate on a relatively modest level of assets. For example, in 1995 the federal estate tax exemption was only $600,000. Back […]
Winter brings holidays, chilly weather, and basketball season. In Connecticut, collegiate women’s basketball is a source of pride and joy for thousands of residents. Countless fans across the nation are familiar with the name Pat Summitt. She is known as one of the best coaches in collegiate women’s basketball, having led the University of Tennessee […]
‘Tis the season for listening to holiday music, shopping special sales, sharing a nice meal, and spending time with the family. The holiday season is a perfect opportunity to gather to enjoy gifts and create new memories. It also allows family the time to reflect on memories of the past and to share their thoughts […]
Since the purpose of a Will is to document your wishes for who should be the executor and who should receive your solely-owned assets after you die, it should be a fairly straightforward matter to change that document if you later change your mind, right? Yes, and no. Like many types of legal documents, in […]
Do you want to use your IRA to help a charity, but also benefit your heirs? Instead of leaving your IRA directly to your children, you can leave it to a charitable remainder unitrust (CRUT) while still benefiting your children. With rules about inherited IRAs potentially in flux, this may be an attractive estate planning […]
Do You Know How the New Connecticut Law Affects Your Power of Attorney?The legislature of the State of Connecticut, after years of debate, has adopted comprehensive new laws concerning powers of attorney for financial matters. Overall, the new laws offer additional needed guidance on what can be done under a power of attorney, help to […]
Last time we gave a brief description of the Supreme Court’s recent decision in Obergefell v. Hodges that recognized same-sex marriage as a constitutional right. Same sex marriage is now a right nationwide. Now that same-sex couples have the option of marrying in a manner similar to that of opposite-sex couples, it is worthwhile to […]
The lesbian, gay, bisexual, and transgender (LGBT) community is garnering a lot of national attention in recent months following the United States Supreme Court decision to recognize same-sex marriage. Advocacy groups have been working for years to recognize the unique needs of a growing sample within the community—LGBT elders. The Richmond Times-Dispatch recently profiled Bonnie […]