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 the appropriate probate court in the state where the decedent lived. An “ancillary probate” is an additional […]
The treatment of the home residence under the Medicaid rules can be somewhat confusing. Here is a brief rundown of the some of the major points to understand. So long as the property (“Home”) is used as the principal residence by the individual who applies for Medicaid benefits (“Applicant”) and/or the Applicant’s spouse, the Home […]
Weatherby & Associates, P.C. is pleased to announce that attorney Rebecca M. Vicente has been elevated to partner in the firm and will continue to work in the firm’s Bloomfield, Connecticut office. Rebecca’s elevation to partner reflects her status as an integral part of the firm’s practice and her commitment to service and professional ethics. Colleagues value […]
The majority of American families own a pet. If you are part of this majority, it is important to think about making arrangements for your pets in case you are no longer able to care for them yourself. According to a recent survey, over 63% of pet owners consider their pets to be family members. […]
Over five million Americans are living with Alzheimer’s disease and this number continues to grow. Alzheimer’s disease is the sixth leading cause of death in the United States. It is difficult to overstate the devastating impact Alzheimer’s disease and related dementias have on patients and their families. One way to mitigate this impact is to […]
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, you will likely be asked to sign a nursing home admission […]
Life is complicated, protecting your family shouldn’t be! Come to our free workshop and see how easy protecting your family can be. This presentation will review the 7 major threats to your family’s security. Learn what you need to know to avoid these threats and preserve your family’s assets and values. An hour and a half of […]
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 type of ownership is used to avoid probate of the property and also […]
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 the third blows it.” These sayings are supported by numbers. According to a recent article in the Wall Street Journal, […]