Fewer than 20 percent of divorced people remarry, but more than half of divorcees aged 55 years or more retie the knot. Most people are more cautious when stepping down the aisle for the second or third time, but some still make mistakes like providing for people in their families. A new marriage without proper estate planning may cause financial problems for children and others from previous marriages.
Probate courts exist in Connecticut for a variety of reasons, but all are related to making sure that citizens have access to the basic functions the courts provide. Probate judges can rule on or approve plans to assign a guardian to a minor, create a conservatorship for someone who needs assistance with everyday financial needs and help convey inheritances to the right people or organizations -- among other duties.
Most people are familiar with the concept of a guardian, especially when it concerns a child whose parents are somehow absent. Conservatorship, however, is often less understood even if some of the principles are similar to guardianship. Here are the answers to some of the most common questions we receive about conservators.
The first part of the estate planning process that most people would mention is a last will and testament. A will is the most fundamental part of a good estate plan, but it is certainly not the only part. People will all levels of wealth and various assets should be ready to put their relatives and partners at ease with a proper plan.
For most residents of Connecticut, the primary goal of creating an estate plan is to maximize their wealth and leave as much of it as possible behind for their loved ones. The estate planning process, however, can prove tremendously complex in some circumstances. Many people make similar mistakes that end up costing them considerably in the long run.
It's not easy to navigate the best choices for children, especially if they may involve tough decisions. Connecticut probate courts are there for parents, relatives and other responsible adults to gain custody or guardianship of children. Courts are also places to dispute decisions made over these issues.