To say the least, 2020 has been a challenging year for most Americans. In addition to the pandemic, a contentious presidential election has contributed to a turbulent time. The outcome of the election may also have a direct impact on your estate. That’s why it’s...
Acting as trustee is an important task, and choosing a trustworthy person to oversee the trust is one of the most important ways to protect your assets and the loved ones who will act as beneficiaries. Connecticut law allows you to name multiple trustees to act...
Large, high-value estates often require intricate and complex estate plans. Lawyers must account for the will, insurance policies, trusts, 401(k)s, and more as they draft comprehensive plans that protect their client’s estate. However, even the most thorough plans...
Individuals include trusts in their estate plans to provide finances for loved ones, invest in well-loved communities or reduce taxes on high-value assets. At their core, trusts allow people to protect parts of their hard-earned estates from estate taxes. Of the...
When you have a loved one with special needs, you may have questions about how you can help them in life. Providing for them as a part of your estate plan may help you give them support, but it is important to choose your estate planning tools wisely to protect both...
For years, bypass trusts were a practical way for people to avoid an excessive estate tax burden. Yet, changes to the tax in recent years may make you reconsider whether this type of trust is still necessary to protect your wealth. Since the current exemptions are...
A lot of people with intellectual disabilities, including autism, manage to function fairly independently -- even when they still need someone to protect their interests. If you're the parent of a special needs child who will soon become a legal adult, you face some...
There are a lot of very good reasons to contest a family member's will -- particularly when you believe that the will doesn't reflect what the deceased actually wanted. Nothing you're about to read takes away from that fact. Just the same, you do need to step into...
If there's one piece of advice that legal analysts offer when solicited for guidance regarding actions to take as people age, they often recommend engaging in estate planning. Drafting a will, powers of attorney and other critical legal documents is part of this...
Adults should have an estate plan created that outlines what is going to happen with their things when they pass away. These plans can be rather simple but some are complex. It's imperative that anyone who's dealing with an estate plan, whether you're doing this as...