In estate planning, an individual takes legal and financial actions to prepare their estate for their death, including designating a personal representative and beneficiaries. But it begs the question, is death the worst thing to happen to a person? Would it not be...
Anyone can start estate planning at any age. However, when an individual starts growing old and entering the elderly phase of their lives, estate planning becomes more significant. They start to worry about what will happen to their loved ones and properties when they...
In Texas, an advance directive, sometimes called a living will, is vital to an estate plan. This legal document assists you in making decisions about how to handle your healthcare needs in advance, so your wishes are carried out even if you become incapacitated and...
Not many people in Connecticut have an emergency financial file, but it's essential for reducing stress during disasters and after your death. You save time and money by creating an emergency financial file too. Natural disasters and evacuation orders You need to have...
Estate planning is something that all Connecticut residents should do regardless of age. With that being said, people entering retirement have the perfect opportunity to look through all of their assets and plan accordingly for the rest of their lives. Get all the...
If you are considering retiring soon, it may be time to create or take another look at your estate plan. Things change as you age and leave your Connecticut job, and you want to ensure that you make appropriate adjustments. Update your will Find a copy of your most...
Although many Connecticut residents are aware of the importance of creating a will, financial trusts, powers of attorney for medical care and finances, and similar estate planning documents, many don't consider what they need to do with them once they have created...
When preparing your Connecticut estate plan, taking an inventory of all of your assets is a good place to start, as is notating how much debt exists. There are other steps in the process that are worth considering. Estate plan elements Determining which beneficiaries...
People under the age of 40 might not think much about estate planning, and people under 30 may think about the process even less. Still, many young people in Connecticut could benefit from crafting a valid estate plan. Anyone with any assets should consider what...
Estate planning for Connecticut residents can be a complicated and even counterintuitive process. This is especially true when significant assets are at stake. One of the tools at your disposal in planning your estate is an intentionally defective grantor trust...