Chipman Mazzucco Emerson LLC

July 2018 Archives

Long-term care planning options

Connecticut residents should be thinking about future long-term care needs and how to pay for them today. Roughly 70 percent of those who are age 65 or older will need long-term care at some point. While a person has the option of paying for the associated costs of such care on his or her own, that may not be practical. The median cost for a private room in a nursing home is $97,455 per year.

Dealing with a family business in estate planning

Entrepreneurs in Connecticut and around the country generally want their spouses or children to inherit their businesses after they pass away, but turning over successful commercial ventures to individuals who may lack the skills necessary to run them can sometimes have disastrous results. Business owners with spouses or children who have shown little or no interest in following in their footsteps may be wise to delegate control of their commercial ventures to key employees or professionals. Doing this improves the chances of the business surviving and ensures that heirs are rewarded financially.

About charitable trusts

Connecticut residents with favorite charities may consider including charitable trusts in their estate plans. Charitable trusts are efficient philanthropic tools that can provide favorable tax incentives for donors. While charitable trusts adhere to the same tenets as other types of trusts and are regulated by the same concepts, they are very distinctive in certain ways that individuals should be mindful of.

The basics of trademark protections

Brand identity is an essential part of growing many types of businesses, and trademarks are one of the legal tools used to help protect those identities. These protections, which used to be actual physical imprints, date back to early societies for use on high-quality artisan goods. Today, the trademark, indicated with a TM symbol, represents the legal protection of both physical and digital products. They are most commonly used on company logos for big corporations in Connecticut and throughout the U.S.

How private is a trust?

You may fall into the category of many people who want to ensure that someone handles their estates properly after their demise. Fortunately, you can utilize a number of estate planning tools to make sure that your assets go to the desired parties and that protective measures work to prevent unnecessary conflicts. You can even go so far as to keep information out of undesirable hands.

Trust choices change with rising interest rates

Trusts are an important part of an estate planning strategy for many in Connecticut and across the country. They can offer lifetime tax benefits as well as a way to pass more structured gifts to a person's beneficiaries. However, the types of trusts that people choose to create may shift due to the rise in interest rates. While interest rates have been historically low for the past 10 years, they are currently rising, a trend that is expected to continue to dominate.

Email Us For A Response

Schedule Your Consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Danbury Office
44 Old Ridgebury Road
Suite 320
Danbury, CT 06810

Phone: 203-501-1712
Fax: 203-790-5954
Fax: 203-744-5371
Map & Directions

Southbury Office
325 Main Street South
Southbury, CT 06488

Map & Directions