Understanding the Connecticut Probate Process Losing a loved one is never easy. In the days and weeks that follow, family members are often faced with legal and financial responsibilities they never expected to handle. One of the first terms many people encounter is probate, and for those unfamiliar with the process, it can feel confusing…
Buying real estate is one of the largest financial decisions most people will ever make. Whether you’re purchasing a home with your spouse, a family member, or a business partner, one important decision is often overlooked: How should you hold title to the property? The way ownership is listed on the deed determines what happens…
Today’s video talks about the language of a statutory power of attorney document and the limitations it has when it comes “self dealing”. Essentially, your Power of attorney may not have the ability to transfer assets to themselves. This becomes a problem when you have a couple who are each other’s POAs. I hope this…
We’ve all heard the terms “man’s best friend”, “fur babies” and “pets are family”, even I call my big furball dog my “firstborn child”. But unfortunately, according to the law, pets are still considered property. And the only way to protect your property is with an estate plan. A pet trust specifically tailored to include…
Once you execute your estate planning documents, it is important to set up reminders to review these documents periodically. There are many life changes that can affect the decisions you’ve made regarding your estate plan and the people you’ve named in it. 1. The Law Changes When you executed your estate planning documents, you may…
WILSON’S UNABRIDGED DICTIONARY: THE ALPHABET SOUP OF THE MEDICARE SAVINGS PROGRAM Estate Planning Attorneys are known for loving acronyms. We like to shorten the names of the tools we use and sometimes throw the terms around, forgetting that not everyone speaks Alphabet Soup. POA, HCD, SNT, QTIP, QPRT, ILIT are just some of the terms…
