One of your main estate planning goals is to minimize your tax burden. As you age, you may also start to consider what legacy you will leave behind. One way to reduce your taxes and feel good about yourself at the same time is through charitable giving. Giving to...
Attorneys Who Know.
Attorneys Who Care.
Year: 2018
Do you need a will even if you don’t have children?
People often use estate plans simply to designate how they are going to leave their assets to their children. Therefore, if you do not have any children, does that mean you do not need a plan? It doesn't, but many people make the mistake of assuming that it does. That...
1 major reason why people put off estate planning
You do a lot of financial planning in your life. You carefully consider every loan and every credit card. You put away money for retirement. You save up money for medical expenses. You consider every type of insurance you may need. However, you also avoid doing your...
Can you challenge a will that you don’t like?
You get a copy of your parents' will in the mail, after they pass away, and you simply do not like it. Some of the provisions do not sit well with you. Maybe it instructs you and your siblings to sell the house and divide the profits, when you wanted to keep the...
Understanding testamentary capacity in Connecticut
Connecticut law sets forth several requirements for a valid will. One of these states that the testator must be of sound mind. It can be difficult to arrive at a precise definition of the exact line that marks a lack of capacity.Descendants who are unhappy with a...
Questions your family has to ask without health care guidance
As you do your estate planning, it is important to create a health care directive and a power of attorney. This can give your family members some guidance so that they know what to do if you cannot make your own decisions. For instance, if you suffer a stroke and go...
Considerations as you select a guardian for your children
As part of your estate planning, you may need to pick out a legal guardian. If you pass away while the children are still minors, you know that someone will be there to take care of them. This person may also help transfer your estate to the kids as you designate....
Disputes over selling inherited real estate
Parents often try to avoid estate disputes by leaving property to children in equal amounts. While this can help when it comes to stocks, bank accounts and other such assets, it can actually cause disputes when it involves real estate. For instance, imagine that you...
How an irrevocable trust impacts government benefits
An irrevocable trust is one that you typically cannot modify, amend, revoke or change in any way. There are rare situations that allow for some alteration, but, generally speaking, the trust has to stay exactly as it was when you set it up. The assets are no longer...
6 benefits of doing your estate planning
Far too many people pass away without any type of estate plan in place. They do not even draft a will. This can happen to famous, wealthy people -- the very people you would think would be most conscious of the need for a plan -- and to those with far fewer assets....