Estate planning often begins when an adult is relatively young. Professional success, marriage or the birth of a child can inspire individuals to establish estate plans. The documents that they draft can help provide them with peace of mind and extend important...
3 reasons younger adults may want to establish an estate plan
People often talk about estate planning as though it were a concern that only applies to older adults and those with major health challenges. However, anyone over the age of 18 theoretically has the right to plan for their future death or incapacitation. In fact,...
What people often forget when updating their estate plans after divorce
Married couples often create joint estate plans. They share assets and family members, so they create plans together to protect their resources, their shared children and one another. Many married couples sit down together with an estate planning lawyer so that their...
Estrangement, conflict, and estate planning
Estate planning is not always straightforward. Although the legal guidelines surrounding how someone drafts a last will and testament or a trust will only change if Connecticut state law changes, relationships between family members can become strained. Estate...
An in-depth look at spendthrift trusts & why they’re beneficial
You can protect and control what you leave behind in Connecticut through estate planning. Certain individuals take care of beneficiaries by creating a spendthrift trust. Before using this type of trust, it's important to know how it differs from other trusts....
Three ways creating a Connecticut estate plan shows love to your family
Creating an estate plan is one of the most loving things you can do for your family in Connecticut. This plan helps bring them peace of mind at the time of your death that you are carrying out their wishes. Give your assets as you want Creating an estate plan allows...
Reasons why you may need a power of attorney
Sometimes, Connecticut residents can find themselves in a situation where they can't make decisions about their personal and financial needs. This is where estate planning comes in, particularly a power of attorney. It lets you plan in advance who will make decisions...
Should you consider ancillary probate?
Ancillary probate is a process you have to get through when a Connecticut decedent owned property in a different state from their domicile. The costs of these proceedings are often high, but there are a few strategies you can employ to avoid it. When do you need it...
Filing tax returns as an executor in Connecticut
An executor or estate administrator in Connecticut has several roles that all point towards distributing assets to the decedent's beneficiaries. But, this can't happen before things like taxes and any outstanding debts are sorted. For taxes, there's a specific...
When should you review your estate plan?
If you are an adult residing in Connecticut, you should have an estate plan. Ideally, this plan will have a will or trust, power of attorney documents and anything else that you might need to adequately manage or settle your affairs. After creating such a plan, it is...