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Giving away your assets to your loved ones can seem like a clever estate planning strategy. You’re helping them out now while reducing the size of your estate that will go through probate, making for a more straightforward process. However, there are some downsides to...
Disabled veterans who need long-term care often face unique challenges when it comes to Medicaid eligibility. While Medicaid can help cover the high costs of nursing homes, in-home care and other services, veterans’ benefits can complicate the planning process. ...
Getting older brings a fresh sense of urgency to decisions that once felt far off. One of the most important is making sure your affairs are in order so your family knows what to do if something happens to you. It is prudent to understand that estate planning is not...
The estate planning process can seem convoluted. There are various trusts you can utilize, and multiple ways to lay out your will to specify how your assets will be distributed upon your death. And in the mix of creating your estate plan, there are several mistakes...
Veterans who got sick or hurt while serving our country can get regular payments through the Department of Veterans Affairs’ or VA’s, disability compensation program. To qualify for compensation, a veteran must show the following: That they have an illness or injury...
Choosing an executor for your estate is a major part of the estate planning process. An executor has many responsibilities, such as identifying and valuing assets, paying debts and distributing assets to heirs. An executor should be someone you trust with these tasks....
Elder law serves older adults and their families by blending traditional estate planning with guidance on health care, public benefits and personal safety. Connecticut’s statutes place unique obligations on families, fiduciaries and care facilities, so local knowledge...
What happens when an adult becomes incapacitated? Connecticut Probate Courts appoint a conservator, the state’s term for an adult guardian, after finding that a person cannot manage personal or financial affairs. Judges rely on medical evidence and must choose the...
One potential problem with an estate plan is if it has been altered due to undue influence. This can lead to challenges from other beneficiaries or family members, potentially leading to litigation. Additionally, this type of financial fraud is simply something that...
It’s no secret that Connecticut’s elderly population is growing. The state legislature enacted sweeping reforms in 2024 in an attempt to address the unique needs of this expanding demographic by increasing access to in-home care and oversight at nursing homes, among...