Recently, the Financial Crimes Enforcement Network (FinCEN) adopted a significant piece of legislation called the Corporate Transparency Act (CTA). This important rule has flown under the radar for many, but it is essential to take note of, especially if you are thinking of including a trust as part of your estate plan or if you…
President Biden signed the Social Security Fairness Act into law today, repealing two controversial provisions of Social Security—the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO)—which previously reduced benefits for many public sector retirees. The Act significantly affects Connecticut’s public employees, particularly teachers, police officers, firefighters, and other state and municipal workers who…
Many believe that an inheritance received during a lifetime or through a will is untouchable, a financial gift that remains entirely theirs regardless of future circumstances. However, in the state of Connecticut, inherited assets can become entangled in divorce proceedings, potentially putting your family legacy at risk. Understanding how inherited assets can be at risk…
Don’t Let Your Legacy Be a Hot Mess: A Complete Estate Planning Checklist for Millennials The phrase “estate planning” often conjures images of retirees, older individuals planning for the inevitable “what ifs” or the super wealthy. Most don’t immediately think of younger generations who may just be establishing themselves in their career, or experiencing some…
Older Driver Safety Awareness is crucial, especially during the winter months when inclement weather and shorter daylight hours create added challenges. As individuals age, changes in vision, reaction time, and physical flexibility can affect driving ability, making winter driving particularly risky. Raising awareness about these challenges and implementing strategies for safer driving can help older…
The Future of Estate Tax Laws Under the Trump Administration: Why Now Is the Time to Review Your Estate Plan With Donald Trump re-elected as President, discussions about tax policy changes are back at the forefront, particularly regarding estate taxes. The current estate tax laws, set to sunset on December 31, 2025, may undergo significant…
