January 2019 Archives
It's not uncommon for Connecticut art collectors to fail to make adequate estate plan provisions for their collections. In some cases, neglect may simply happen because of procrastination. This can lead to significant taxes on the collection at the owner's death, or it can result in family conflict. If a collection is not divided fairly among heirs, the family might end up in litigation.
After the divorce or death of a spouse, it isn't unusual for people in Connecticut to remarry. While finding love again is often a source of great joy, it also brings some legal concerns. If one or both spouses have children from a previous relationship, estate planning is critical. When parents of adult or minor children get married again, they should immediately update their wills and estate planning documents, including those that govern insurance policies, retirement accounts and investment plans. In addition, end-of-life planning documents such as living wills, powers of attorney and advanced directives should also be updated to reflect the estate planner's wishes.
Connecticut fans of the popular Netflix thriller "Black Mirror: Bandersnatch" may not have given much thought to references made to the "Choose Your Own Adventure" book series. However, the publisher of those books has certainly taken notice of the reference, which is why they have filed a trademark infringement lawsuit against the online streaming and DVD distribution company. In the film, the thriller's protagonist is attempting to adapt a fictional "Choose Your Own Adventure" book into a video game.
Connecticut residents could choose to use a will or a trust as part of their estate plan. While either document can be effective in meeting a person's estate planning needs, there are many differences between the two. For example, a will needs to be filed with the court having jurisdiction and is only effective after a person dies. Furthermore, assets that are transferred through a will need to go through the probate process.
When you first started your Connecticut business, you may have had many nights where you stayed up late in an effort to complete tasks or worrying that your venture was not going to make it. Now, years have passed, and you have grown your business into a successful enterprise.
Scouting veterans in Connecticut may be troubled to learn that two classic organizations beloved by many are embroiled in an intellectual property dispute. The Girl Scouts of the USA filed a lawsuit against the Boy Scouts of America, after the Boy Scouts began using the trademarks "Scouts" and "Scouting" for activities for girls. The case was filed in November in the U.S. District Court for the Southern District of New York. In their complaint, the Girl Scouts allege that the Boy Scouts' use of these terms for girls' programming has caused confusion among families looking to participate in Girl Scouting.
One step people in Connecticut who get a divorce should not neglect is making changes to their estate plans. In addition to changing his or her will so an ex-spouse no longer inherits his or her assets, a person might also want to make sure that his or her ex no longer has a role, such as executor, in the estate plan. Any family members of the ex-spouse might also be removed from the plan.