by Shelby L. Wilson - The federal estate, gift and generation-skipping tax is, once again, in flux. In late 2017, the existing exemption of $5.5 million per individual (roughly $11 million per married couple) was essentially doubled with the enactment of the Tax Cuts...
by Alyson R. Marcucio - It is only natural for an individual to give a gift to their children or grandchildren. Whether it is to help pay for a loved one’s tuition, paying the down payment for the purchase of a family member’s new home, or maybe transferring that...
by Elizabeth J. Hartery - More than half of the U.S. states have some type of "revocation-on-divorce" statute. Most of these states provide for automatic revocation of dispositions for a former spouse in a testator’s will that was executed prior to divorce. Some...
by James J. Flaherty, Jr. - Estate planning is difficult enough for some folks. Imagine planning for families in which one child has an addiction problem. While certainly a sensitive subject, the risks of not addressing the situation with your estate planning attorney...
by Richard S. Land - The Community Spouse Protected Amount (CSPA) It’s bad. What your spouse will be allowed to keep may be much less than expected. On the other hand, it could be a lot worse. If you learn about the rules ahead of time and do some planning, you can...
by Alyson Marcucio - Elder financial abuse in the United States is much more prevalent than we might believe. Unfortunately, it is often unreported or underreported, often due to fear of retaliation. Seniors lose approximately $2.5 billion annually to financial abuse....
by Richard S.Land - Have you heard scary claims that, if you do not have a Living Trust or avoid probate, probate costs and fees may take 50% of your estate? Maybe you weren’t fooled but you may have been confused. We would like to help clear up the confusion. When we...
COVID, Elections, Lockdowns, Masks, Focused Protection, Statistics, Essential Workers, Nonessential Workers, Unemployment, the CARES Act, Relief Package, Riots, Protests, Cases, Tests, Infections, PCR Cycle, IFR, from COVID, with COVID, Vaccines, Herd Immunity,...
by Richard S. Land - Connecticut probate has changed. Our updated video on estate settlement covers the changes. The Executor’s responsibilities are many. It is easy for the Executor to become overwhelmed or miss something important. Topics covered in the video...
by Richard L. Emerson - I am often asked this question and the answer is “it depends”. If there is no Will then under the rules of intestacy the first $100,000 of probate assets are distributed to the surviving spouse and the balance is distributed 50/50 between the...
