Nobody really likes to think about either death or taxes, but the two are heavily intertwined -- especially since the Tax Cuts and Jobs Act of 2017 went into effect. If you haven't spent some time reviewing your existing estate plans to see what changes should be made...
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Estate Planning
People of all ages should do estate planning
You may think that because you are in your early 20s with no dependents and few assets that you don't need an estate plan. But all adults should draft a few basic estate planning documents.Why is that, you may wonder? Well, very few people have nothing of value to...
What plans do you have for your child’s future?
Your estate planning needs will change with certain events in your life, including the birth of a child. You must ensure that your new baby is properly cared for if something happens to you and the other parent. If only one parent passes away, it is assumed that the...
Here’s why you need an attorney for your will
Are you ready to write your will? A quick search on Google will lead you to numerous websites where you can find downloadable forms for little or no cost. Why hire an attorney to write your will when there are forms available online? Let's talk about the reasons it's...
Getting married? Have an estate planning talk with your intended
Getting married is exciting. There's a lot to talk about -- and a lot to plan. Once you get through picking a wedding venue and deciding where you're going to live, however, you and your future spouse need to talk about one more important thing: your estate plans. The...
Creating a business succession plan
If you are the owner of a successful business, you'll likely want to ensure that your business will continue to thrive for many generations to come. Your business has the possibility to be one of the greatest legacies that you'll leave behind, and that's why it is...
Should you leave your kids equal shares of your estate?
Dividing up your estate between your children seems like it should be easy. After all, you've always tried to treat them equally. But "equally" doesn't always equate to "fairly" when it comes to estates. There are a lot of situations where it simply is fairer or more...
How do you keep the kids from fighting over your estate?
You thought that the sibling rivalry between your children was pretty rough to handle when they were young but thought it would fade. Instead, your adult children have become more deeply entrenched in their rivalry than ever. In fact, they can be downright...
These 3 tips can help you lower the value of your estate
Your estate is worth millions, so you know that there is a true risk of facing an estate tax. While an estate tax is only charged on those who have an estate worth $11.4 million or more as of 2019, the reality is that any amount over that amount is highly taxed....
Connecticut may tax estate of high value
When is it the right time to plan an estate? The question may remind some of the old joke "don't think of an elephant." Obviously, you have to think of an elephant if someone says it. So, if you can ask if you should plan your estate, you probably should. It's not...
