Every year on August 21, National Senior Citizens Day recognizes the contributions, wisdom, and achievements of older adults while encouraging conversations about healthy, secure aging. One of the best ways to protect your future is by ensuring your legal and financial affairs are in order. For many Connecticut seniors, an irrevocable trust can be an…
Artificial intelligence has become part of everyday life. People use AI to draft emails, create budgets, plan vacations, and even answer legal questions. With just a few prompts, AI can generate what appears to be a professionally written will, trust, or power of attorney in seconds. While this technology can be helpful for learning about…
Today a lawsuit fit for television begins (think: Succession). The exciting part of this lawsuit is that the battle involves an irrevocable trust. As an estate planning attorney, I’m geeking out. Unlike divorce, trademark, and personal injury, there aren’t many high-profile estate planning lawsuits, and the few there do mostly occur because someone has died…
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…
