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Connecticut Phone: 203-661-5222 | New York Phone: 914-397-2400 | Florida Phone: 239-302-2768

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Estate Planning Archives

Supreme Court rules on taxation of trusts in estate plans

One guarantee of states and municipalities across the United States is a type of probate court, which allows people to legally take responsibility for assets that used to belong to someone else. Each jurisdiction has its own rules and laws to follow, which often deal with how assets are divided or distributed when there is no directive from the deceased person.

How do families make estate plans for people with special needs?

One memoir by the mother of a child with special needs likened the experience to planning a trip to France and going to Italy instead. Anyone with a family member with special needs can report that the point of this statement is true: It may be surprising, but it is still magical.

What is a durable power of attorney?

People may put off making an estate plan for a lot of reasons. They may feel they're too early in life, or they may assume their plans are so simple that they inevitably work in probate. But, just like there is always a reason to avoid estate planning, there is always a good reason for adults to address the subject as soon and as often as possible.

Adult children may become financial planners for parents

Most of our financial advice in early life comes from older family members. They have been around longer and we begin life trusting them and listening to them. So it can feel awkward when the tables are turned and it may be time for elders to require our advice.

Gifts and trusts can save serious money in estate planning

The Tax Cuts and Jobs Act of 2017 increased the tax exclusion for gifts made during a person's life as well as estates left after death. People can give up to $11.4 million in property value, assets or other objects of value without having taxes assessed on their estate. Many observers believe this exemption may not last past 2025, which means the clock may be ticking.

Long-term care insurance may be part of a good estate plan

Estate planning is an important task that many people spend most of their life ignoring. End of life affairs are always difficult to approach because of the logistics and the emotions involved, and some people may be inclined to do as little as possible. But estate planning is something that has broad implications -- it isn't just about "who gets what."

Estate and gift levy will effect fewer Connecticut residents

Estate planning is mostly more complicated as people deal with larger estates with diverse assets that will be shared with multiple beneficiaries. Many wealthy people plan their wills and trusts to save money for their heirs that would otherwise be consumed by government taxes.

Greenwich Office
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Greenwich, CT 06830

Phone: 203-661-5222 CT
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White Plains, NY 10601

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Bridgehampton, NY 11932

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Naples, FL 34102

Phone: 239-302-2768
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