Probate can be a complex and lengthy process that many people wish to avoid when planning their estates. While it’s possible to sidestep probate through various means, such as trusts, joint ownership, and beneficiary designations, individuals often make critical mistakes in their attempts to avoid probate that sometimes cause more harm than going through probate.…
Details
While “pre-approval” and “clear to close” may sound similar, they serve distinct purposes and signify different milestones in the mortgage approval process. Since February is known as the start of the Spring real estate market, many people are likely sprucing up to list their homes for sale and others are getting their ducks in a…
Details
A Will, also referred to as a Last Will and testament, is the document that most people consider essential to ensure that their wishes are carried out after their passing. On the other hand, many people do not think that they have enough money to warrant having an Estate Plan. While both are integral parts…
Details
January is a time of reflection and resolutions. People often think about goals for the new year, and relationship repair is one of the most admirable. We are also on the heels of many family gatherings, some of which may have been strained, awkward, or uncomfortable. In our practice, we see the lasting and detrimental…
Details
Did you know that Connecticut law provides income tax exemptions for Social Security benefits, railroad retirement benefits, military retirement pay, pension and annuity income, teacher pension income, and individual retirement account (IRA) distributions? Currently, exemption eligibility and amounts are determined based on the type of pay and the taxpayer’s total federal adjusted gross income (AGI).…
Details
We have everything you need to know right here! With this insightful breakdown by Elder Law Attorney Joan Reed Wilson, of elder law facts and figures in 2024. Understand how the latest elder law updates will affect you. Get informed and make sure your assets are protected! For those who enjoy numbers over words, this…
Details
Have you made your list of New Year’s Resolutions for 2025 yet? Whether you started your list or not, let me help you with some inspiration – Estate Planning Goals should be at the top of the list! At the end of every year, we seem to think that “next year will be my year”…
DetailsTalking about estate planning is a difficult, emotional topic but it’s essential for every family. Unless you’re certain your parents have an up-to-date will and a wider plan for what should happen in the event of their passing, you shouldn’t assume everything will be taken care of. According to a 2021 survey, less than half…
Details
Every year Medicare gives beneficiaries a window of opportunity to shop around and determine if their current Medicare plan is still the best one for them. During Medicare’s Annual Enrollment Period, which usually runs between October 15th – December 7th, beneficiaries can freely enroll in or switch plans. During this period, you may enroll in…
Details
What Is World Alzheimer’s Month? World Alzheimer’s Month is an annual international campaign that takes place every September to raise awareness about Alzheimer’s disease and other forms of dementia. This global movement aims to challenge the stigma surrounding dementia, educate the public, and encourage governments and organizations to prioritize dementia research and care. With an…
Details