Attention Connecticut Residents! As a Connecticut resident, you are NOW ELIGIBLE for government assistance for protecting your assets under a state sponsored program. Connecticut residents can now receive Medicaid payments for Long-Term Care services without having to first spend down their savings. Don’t miss this upcoming workshop in your area! RSVP Here or Call Erin at 860-769-6938 to […]
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 […]
Post-DOMA Planning: A Look at the Landscape and What May Come Next Since the recent landmark Supreme Court decisions, some issues have been made clear regarding the rights of same-sex couples, but many more issues are still to be resolved. Although the Court’s decision in U.S. v. Windsor gave Federal recognition to same-sex marriages, states are still […]
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 […]
Identifying Estate Planning Techniques No Longer Available and Updating Estate Plans to Reflect New Benefits Our last article discussed some significant benefits that will now be available to married same-sex couples as well as identifying one estate planning technique that no longer applied to these couples. In this article, we will expand on some other […]
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 […]
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 decision to challenge, or contest, a loved one’s will, should not […]
Post-DOMA Planning: IRS To Recognize Same-Sex Marriages For All Federal Tax Purposes Since the Supreme Court struck down Section 3 of the federal Defense of Marriage Act in June, federal agencies have begun updating regulations to conform to the decision. On August 29, the IRS and the Treasury Department issued Revenue Ruling 2013-17. This is […]
NEW LAW IN CONNECTICUT Transfers (Gifts) Can Lead to Being Sued by Nursing Homes The Connecticut legislature recently passed a new law concerning Medicaid eligibility which allows nursing homes an additional basis to sue to recover lost revenue because a resident, or their spouse or agent under a power of attorney, transferred his or her […]