Chipman Mazzucco Emerson LLC

August 2018 Archives

Estate planning concerns for parents

Parents in Connecticut may think about estate planning in a new light after the birth of their children. While many younger couples know objectively about the importance of an estate plan to lower taxes, avoid probate costs and reduce trauma to their loved ones, making a plan may not seem urgent. When a child enters the equation, however, planning for the future can become increasingly essential.

Cryptocurrency and other digital assets in estate planning

Connecticut is one of more than 40 states to have laws on the books that permit executors to manage digital assets in the same way they do traditional assets. The rise of digital assets in recent years, including cryptocurrency, has introduced some additional complexities to estate planning.

Picking the right surrogates for an estate plan

Estate plans in Connecticut can be extremely lengthy and complicated, and it's not uncommon for some plans to have unforeseen calamities just waiting to happen. One of the main sources of problems is surrogates, aka the people assigned to make big decisions for the families. These surrogates can have a big impact on family relationships and overall financial security. Unfortunately, they don't always make choices that are in the best interests of the family.

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