In order to prepare your estate plan, you need to know that your assets can be put into two categories: probate and non-probate assets. Once you understand the difference between these two types of assets, you will be able to make informed decisions about how you wish to distribute your property to your loved ones.Probate […]
One of the benefits of a Revocable Living Trust is that it can be updated when necessary. You may want to update your trust to comply with new laws or to reflect changes in your wishes or your life circumstances. In order to take advantage of this benefit, you should review your trust periodically to see if […]
In this issue of the Connecticut Care Planning Council newsletter: Insurance the Answer to Long Term Care Planning? Long Term Care Insurance policies today are greatly diversified in their coverage. Home care, nursing home costs, adult day care, physical therapy, skilled and non-skilled nursing care are some of the services covered. Policies vary in price and what […]
In this issue of the Connecticut Care Planning Council newsletter: Reverse Mortgages: A Quick Overview by Michael Savenelli, Sr. and Henry C. Weatherby Reverse mortgages represent an attractive financing option for a growing demographic. Approximately 10,000 baby boomers turn 65 every day. They and many other seniors must improve their financial situations at a time of economic uncertainty. […]
In this issue of the Connecticut Care Planning Council newsletter: Know Your Dementias – A Dementia Primer by Denise F. Talbot, MA Dementia is a general term used to describe the symptoms of a larger group of illnesses which affect your cognitive function, speech, reasoning and physical abilities… Vitamins and Mineral Supplements Are Important for Older As most […]
When an individual dies in Connecticut, that person’s estate must go through probate if he or she has a will or through estate administration if there is no will or the will is invalid. Essentially, the two processes are the same except that in probate the estate’s assets are distributed according to the decedent’s will […]
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 […]
Probate Lawyers in ConnecticutThere are many good reasons for wanting to keep your estate out of probate. Settling ones final affairs through Probate can be more expensive compared to other options. One of the biggest objections to using probate is that everything in probate is a public record, and in probate a will or the executor […]
Someone close to you has just passed away and you’ve been named as executor of their estate and must see to the distribution of estate assets in the process known as probate. You know that this is an honor and an important assignment, but what, exactly, do you need to do and where do you begin? The […]
While there some similarities between a trustee and an executor, the chief of which is that they both handle matters of an estate after a person dies, there are significant differences. If you are planning for the future of your estate or you’re being asked to handle an estate after a loved one’s passing, it’s important to understand the […]