On behalf of Chipman Mazzucco Emerson LLC | Jan 24, 2020 | estate planning
When you create a plan for distributing your inheritance, you may choose to use a living trust. This entity can help your family avoid probate while keeping your finances private. But once you create your trust, you must fund it to make it useful. Since a trust is a...
On behalf of Chipman Mazzucco Emerson LLC | Nov 28, 2019 | estate planning
For some couples, there may be logical reasons why they may distribute their inheritance unequally. But as people’s financial situations can change over time, some say doing so could create other problems. However, there are unique situations where distributing...
by Chipman Mazzucco Emerson LLC | Jul 1, 2019 | estate planning
Business owners in Connecticut and elsewhere may not have a plan for what happens to their companies after they die. This can be problematic if there are no family members or trusted employees who can step up and run the business. Even if someone is willing to run the...
by Chipman Mazzucco Emerson LLC | Jun 27, 2019 | estate planning
Connecticut residents and others who are married should have access to financial records and other critical household data. In the event that a spouse passes away or becomes critically ill, it may be necessary to gain access to a computer or to an online bank account....
by Chipman Mazzucco Emerson LLC | Jun 19, 2019 | estate planning
Many wealthy people in Connecticut have created key estate documents like wills and trusts. After all, the ability to pass assets on to benefit loved ones in the future is a major motivating factor for people to develop their wealth. However, creating an estate plan...
by Chipman Mazzucco Emerson LLC | Jun 13, 2019 | estate planning
Simply having a will on file doesn’t automatically mean assets will be transferred as intended when the time comes to fully execute an estate plan. This is because assets need to be properly titled to ensure they’ll be distributed as per desired wishes...
by Chipman Mazzucco Emerson LLC | Jun 10, 2019 | estate planning
In a perfect world, proactive Connecticut parents or grandparents with high-net-worth estate planning needs would have their wishes respected by designated heirs or beneficiaries when they pass. Unfortunately, the reality is that squabbling siblings, spendthrift heirs...
by Chipman Mazzucco Emerson LLC | May 23, 2019 | estate planning
Estate planning is not something that many people in Connecticut and elsewhere look forward to. Some people may lie to themselves to justify not creating a plan of their own. One lie that people common tell themselves is that they don’t need a will because they...
by Chipman Mazzucco Emerson LLC | May 10, 2019 | estate planning
A trust can be a powerful estate planning tool for a Connecticut resident. It can protect assets from creditors as well as minimize estate taxes owed. However, it is important that the right person is chosen to oversee that trust. In many cases, a spouse is not going...
by Chipman Mazzucco Emerson LLC | Apr 26, 2019 | 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,...
