What Is Power of Attorney? Power of attorney, or POA, allows a person of your choosing to manage your financial or medical affairs if you are unable to do so. without a POA in place, If you become incapacitated, the court will have to appoint a guardian or conservator, which takes time and money. The…
If you think estate planning is just for the old and wealthy, you are way off. Estate Planning in your 20’s and 30’s will build the foundation you need and be confident that your assets are safe, your healthcare will be managed, and that your children’s future is secure. I’m honestly embarrassed to say that…
Will You Owe Taxes On Your Spouse’s Estate? Currently, the estate tax exemption in Connecticut is $3.6 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 $3,600,000, there is an unlimited marital deduction, so if…
