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As people age, they become more likely to develop Alzheimer’s or some other type of dementia. Dementia gets progressively worse as time goes on. In the condition’s final stages, a person may have no ability to communicate or process information. They will likely need...
Connecticut residents who are getting ready to put together their estate plans are taking a big step toward securing their future and, usually, the future of their heirs and beneficiaries. Almost everyone has some amount of assets and, if they’re lucky, they have...
The term “1031 exchange” refers to a real estate investing allowance in Section 1031 of the Internal Revenue Code. That section allows capital gain tax deferral on real estate gains when those gains are reinvested into another like-kind property. While often used for...
Medicaid has an asset limit. If you own assets above this limit, you often do not qualify for Medicaid. Before you run out and sell off your assets to qualify, you should know about Medicaid’s look-back period. The look-back period starts the date of your Medicaid...
When most people in Connecticut sit down to think about their estate planning options, they are probably thinking about one primary goal: how best to pass on their assets to their children. This may be relatively easy for those who have only one child, but estate...
A stroke can have profound effects on your health, personal life and financial situation, making it crucial to assess and possibly update your estate plan. Proactive estate planning both before and after a stroke to ensure your wishes are honored and your loved ones...
It can be difficult to see a loved one age and their ability to care for themselves diminish, especially when they are unable to get the care they need. It is important to consider the possibility that your loved one might require in-home health care or living at a...
If you have been named the administrator of an estate or a trust, it can feel like an honor to be entrusted with such an important role. However, when you begin to consider what this duty entails, it can quickly feel overwhelming and complex. Nonetheless, there are...
Planning and preparing for retirement are norms in society, which is why many begin this process when they are a young adult. Putting aside money for their retirement is often deemed essential; however, this is not the only preparation you should complete in your...
As you’re thinking about the best way to develop your estate plan and perhaps qualify for Medicaid, you might find yourself wondering what’s the best way to distribute your assets. After all, gifting assets and setting up an irrevocable trust can be a great way to...