Will You Owe Taxes On Your Spouse’s Estate? Currently, the estate tax exemption in Connecticut is $12.92 million per person. So although an Estate Tax Return must be filed for every decedent, tax is due from very few estates. And even if the decedent’s assets exceeded $12,920,000, there is an unlimited marital deduction, so if…
In our estate planning, probate, and elder law practice here at Reed Wilson Case we often see family squabbles that erupt because of unmet expectations. Many of these expectations involve emotionally valuable personal property. And many of them erupt after the passing of a loved one. Related Post: What To Include In A Will…
FALSE FACT Vol. 1, Issue 1: If you don’t protect your money, the State will take it. This is probably the most common “inaccurate” statement that I hear in my elder law practice. We do help clients protect their assets, but not because the State will take them if you don’t protect them. Welcome to…
Medicare Advantage Plans Update Earlier this month, the Centers for Medicare & Medicaid Services (CMS) announced that beginning in 2019, Medicare Advantage plans will cover supplemental non-skilled home benefits that include daily maintenance. This is the first time that CMA has allowed a service that covers daily maintenance to be eligible as a supplemental benefit.…
Several Levels of Qualification For Veterans Benefits: The veteran must have served in active duty for at least 90 days, one of which must have been during a defined wartime period. A physician must verify that the applicant requires assistance with two activities of daily living. The applicant and spouse must have less than approximately…
Unfortunately, many divorced couples find themselves back in family court for a variety of reasons with post-divorce conflict. So your agreement is signed and approved by a judge who declared you single – you leave the courthouse thankful that you will never step foot in it again. A large part of my practice consists of…
