Chipman Mazzucco Emerson LLC

April 2019 Archives

Passwords and estate planning

One element of estate planning some people in Connecticut may overlook is sharing passwords with an executor or family member so that online accounts can be accessed after a person's death. This issue does not just affect family or other heirs. As one example, the founder of a cryptocurrency exchange died suddenly in December without sharing the necessary password to access clients' investments, and there may now be $190 million of inaccessible cryptocurrency.

Alternatives for startup financing

Connecticut startups need money in order to survive. In the old days, that meant securing funding from a venture capitalist, or VC, in exchange for a significant portion of the company's equity. However, many of today's entrepreneurs are looking at alternative ways to raise funds that are not as costly and restrictive as VC funding.

Diligent research could help businesses avoid trademark woes

An increase in commercial opportunities in recent years has contributed to more Connecticut businesses looking to protect unique designs. The World Intellectual Property Organization reports that there has been a sharp rise in the number of trademark application filings: 30 percent in 2017 alone over the previous year. For this reason, businesses are encouraged to be mindful of their trademarks and diligent about their research.

Estate planning for parents of kids with special needs

Parents of special needs children in Connecticut may wish to take special care when it comes to making their estate plans. There are certain types of plans that can help to provide support and protection for people with special needs throughout their lives. This can be especially important because kids with special needs may become eligible for different types of benefits that allow them to receive the care that they need. Some people may be unsure about how to plan for the future because they are unsure of the amount or type of professional support their children may need in the future.

Estate planning tips for single adults

Many single Connecticut residents without children neglect to create an estate plan. However, estate planning is important for all adults. Two of the most important items in an estate plan are a power of attorney and a health care proxy. These function while the person is still alive to ensure that agents are appointed to take over financial and medical decision-making in cases of incapacitation.

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