Turning 18 is a major milestone in a person’s life, and with it comes new responsibilities and legal rights. One important aspect of becoming an adult is ensuring that you have the necessary legal documents in place to protect yourself and your future. Here are two must-have legal documents that every 18-year-old should sign. Why…
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Happy May! The month of Elder Law awareness. To begin the month, we wanted to discuss legal capacity and dementia. We sometimes hear from clients or their loved ones that they believe that a diagnosis of dementia means that the person cannot execute estate planning documents. This is not necessarily true. What Is Legal Capacity…
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Connecticut’s Senior Real Estate Tax Relief Program: Do You Qualify? April is the time of year that most of us think about taxes and now that the tax deadline is passed, you may be wondering if there is anything you can do to save money, especially with the increase in the cost of staples like…
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Next up in our series about real estate closings, let’s define the important terms included in the real estate contract. First, it is important to know that any contract (and any changes to a contract) for real estate MUST BE IN WRITING because of a law called the Statute of Frauds. The Statute of Frauds…
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You’ve found the house that feels like home, your offer was accepted and now you have a fully executed real estate contract. Congratulations! What happens now? These are the 12 real estate closing steps. STEP 1 – Hire a Real Estate Closing Attorney Some real estate contracts include a period for attorney review. If this…
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We often explain to clients that it is important to have a trusted team of professionals assisting you in all aspects of life, and real estate closings are no exception. In order to find and purchase a home, you need a solid real estate closing team on your side. Realtor Whether you are a seller…
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Is The Real Estate Spring Market Back? February is commonly known in the real estate world as the beginning of the Spring Market. Even though February has felt somewhat “springlike” in Connecticut this year, most years we are shoveling inches and inches of snow and bundling up to keep our faces from freezing off. The…
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The ABC’s of MSP, QMB, SLMB and ALMB March 1, 2023 is the date when the Medicare Savings Program (“MSP”) income thresholds are updated. The figures are based on the federal poverty guidelines, which are adjusted every January based on inflation. Each State manages its own MSP standards. In Connecticut, you are eligible for MSP…
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We have everything you need to know right here! With this insightful breakdown by Elder Law Attorney Joan Reed Wilson, understand how the latest estate planning and elder law updates of 2023 will affect you. For those who enjoy numbers over words, this article is for you. For those who don’t, read slowly! Gift Tax…
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Have your made your list of New Year’s Resolutions for 2023 yet? Whether you started your list or not, let me help you with some inspiration – Estate Planning! Now hear me out… At the end of every year, we seem to think that “next year will be my year” – the year everything falls…
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