The Reed Wilson Case blog, managed by RWC, LLC Attorneys and Counselors at Law, serves as a comprehensive resource for individuals seeking insights into various legal domains. The blog covers a wide array of topics, including estate planning, elder law, probate, Medicaid, and real estate closings, reflecting the firm’s dedication to educating the public on these intricate subjects.
What Is a Living Trust? A living trust is an agreement in which a settlor (the person who creates the trust) appoints a trustee, to manage the assets within the trust, on behalf of the beneficiary or beneficiaries named in it. The beneficiary can be you or anyone else you name. It’s called a “living…
Understanding the Connecticut Probate Process Losing a loved one is never easy. In the days and weeks that follow, family members are often faced with legal and financial responsibilities they never expected to handle. One of the first terms many people encounter is probate, and for those unfamiliar with the process, it can feel confusing…
Buying real estate is one of the largest financial decisions most people will ever make. Whether you’re purchasing a home with your spouse, a family member, or a business partner, one important decision is often overlooked: How should you hold title to the property? The way ownership is listed on the deed determines what happens…
What Is a Conservatorship? Conservatorship in Connecticut means that the Court appoints a person or organization to manage the life of another adult. There are Voluntary and Involuntary conservatorships. We will discuss Voluntary Conservatorships in a subsequent article. This article discusses Involuntary Conservatorship. In an Involuntary Conservatorship, the adult being conserved has to be deemed…
When people begin exploring estate planning, one of the first questions they ask is, “Should I create a revocable trust or an irrevocable trust?” While both types of trusts can help protect your assets and simplify the transfer of property, they serve very different purposes. Understanding those differences is an important step toward choosing the…
A power of attorney automatically terminates after the death of the principal. This means that the agent no longer has any authority to act on behalf of the deceased person. Instead, the executor or personal representative of the deceased person’s estate will take over the management of their affairs. Power of Attorney and When Should…
