by Thomas M. Rickart - “Future Advance Loans” are loan transactions under which loan proceeds may be advanced over time, and in some instances repaid and readvanced, under a single set of loan documents. In Connecticut commercial transactions, these commonly take...
by Shelby L. Wilson - The federal estate, gift and generation-skipping tax is, once again, in flux. In late 2017, the existing exemption of $5.5 million per individual (roughly $11 million per married couple) was essentially doubled with the enactment of the Tax Cuts...
by Ward J. Mazzucco - Some entrepreneurs can take an inspired idea and create an entirely new business. Others prefer the relative security of purchasing an established business. Still others may buy a franchise, in many ways a hybrid approach. A franchise is...
by Timothy M. Herring - When married persons own real property together and they divorce, the Superior Court will determine what happens to the real property as part of the overall equitable division of assets. But what happens outside the context of a divorce when...
by Alyson R. Marcucio - It is only natural for an individual to give a gift to their children or grandchildren. Whether it is to help pay for a loved one’s tuition, paying the down payment for the purchase of a family member’s new home, or maybe transferring that...
by Elizabeth J. Hartery - More than half of the U.S. states have some type of "revocation-on-divorce" statute. Most of these states provide for automatic revocation of dispositions for a former spouse in a testator’s will that was executed prior to divorce. Some...
In this episode of the Ounce of Prevention podcast, we talk with Jennifer Curran, President of the Johnson Stevens Curran Insurance Agency. The bottom line is that many small businesses either don’t have enough insurance coverage or the right kind of insurance...
We are proud to announce that Shelby L. Wilson has become a member of the firm. She comes to us with nearly 20 years’ experience in sophisticated estate and tax planning with a particular focus on succession planning for closely-held businesses. Her professional...
by Thomas M. Rickart - If you have ever negotiated a commercial lease, you have heard the terms “gross” and “triple net” as they apply to allocation of expense obligations. Basically, a “gross lease” is one under which the Landlord is responsible for the basic...
by James J. Flaherty, Jr. - Estate planning is difficult enough for some folks. Imagine planning for families in which one child has an addiction problem. While certainly a sensitive subject, the risks of not addressing the situation with your estate planning attorney...
