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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...
Connecticut residents who are planning their estate may want to consider the different trust types available. Some types are irrevocable. Understanding some of the various available options is a starting place. Two Categories of trusts All trusts are either revocable,...
Connecticut residents should create an estate plan to protect their future and their loved ones. There are certain essential documents you should always include. Last will and testament Your last will and testament gives you the ability to state how you want your...
Sometimes, you might need to make the decision for a Connecticut family member to move into a nursing home. Medicaid is often one of the most common ways for residents to cover the costs of staying in this type of facility, but there are a few rules to consider before...
Senior citizens require assistance in many areas, and the services of an elder care attorney can benefit seniors and their family members. Here are some important ways that elder care attorneys provide assistance. Create a living will A living will is a legal document...
The U.S. Department of Veterans Affairs allows you to file additional claims for disability in addition to your initial claim. You may have new supporting evidence that qualifies you for benefits. In other situations, you are eligible for more benefits. Connecticut...
As your loved one ages, you might worry about their physical and mental health. You may want to know how to detect when your elderly family member needs help to provide them with the support that they need. There are programs that enable the elderly to continue living...
A car, Connecticut home or other assets may be accounted for in your estate plan by creating a will or a living trust. Using these documents may also ensure that your dependents are properly cared for. However, despite helping you accomplish many of the same goals,...
A new federal law is designed to address the growing problem of elder abuse. The law supports efforts to better understand, prevent, and combat both financial and physical elder abuse. The prevalence of elder abuse is hard to calculate because it is underreported, but according to the National Council on Aging, approximately 1 in 10 Americans age 60 or older…
Most of us look forward to a retirement filled with leisure and relaxation, but many older Americans are facing financial difficulties that are destroying their retirement dreams. One article addressed some of seniors’ biggest financial challenges and what they can do to fight back. What follows is a summary of the article. Historically Low Interest Rates For almost a decade,…