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…
In the past week, we have received calls from two different clients whom we had helped in the past. Each of them called because they were in the process of probating their parent’s estates and both were quite frustrated and wanted our advice regarding the probate attorney they had to use. They each said that…
Will You Owe Taxes On Your Spouse’s Estate? Currently, the estate tax exemption in Connecticut is $9.1 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 $9,100,000, there is an unlimited marital deduction, so if…
