Legal Blog

The Hidden Perils of Joint Ownership - Part Three

Problem No. 4 – Loss of Control In general, a joint owner cannot mortgage or sell property without consent from the other joint owners. While this may seem like an unlikely problem when the ...
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The Hidden Perils of Joint Ownership - Part Two

Problem No. 2 – Needs-Based Benefits Eligibility Putting a child on the deed to a home (as a joint tenant) may result in a non-exempt transfer of a resource. Non-exempt transfers may result in a ...
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The Hidden Perils of Joint Ownership - Part One

This blog series will focus on holding real estate and accounts jointly, and specifically, the hidden perils associated with using joint ownership with your adult children as an Estate Planning tool. ...
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What Events Trigger Changes to the Estate Plan? Part Three

Most events can be broken down into three categories Personal, Financial and Legal. A note on “Legal” changes Legal changes that can affect a plan include changes in the tax law, asset ...
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What Events Trigger Changes to the Estate Plan? Part Two

Most events can be broken down into three categories Personal, Financial and Legal. The following is a review of several common events in the Financial category, but it is by no means exhaustive: ...
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What Events Trigger Changes to the Estate Plan? Part One

Most events can be broken down into three categories Personal, Financial and Legal. The following is a review of several common events in the Personal category, but it is by no means exhaustive: ...
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Simple Charitable Planning Tips - Part Two

1) Make a list of organizations, and do your due diligence – it is important to be sure that the charitable institutions you plan to assist are actually furthering your objectives. ...
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Simple Charitable Planning Tips - Part One

Since we are in the midst of the season of giving, we thought this next blog series apropos. It is estimated that approximately 30% of a charity’s yearly donations are given to them in December. ...
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How Do I Get My Kids Started on Their Estate Plan? Part Four

Bottom line, very few people wish to cut their spouse out of a portion of their inheritance even if the money is being shared with their children. Often times with young families there are long-term ...
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How Do I Get My Kids Started on Their Estate Plan? Part Three

Explain what happens if they don’t do the planning: It’s real simple. If your adult children don’t prepare an estate plan, Connecticut has one for them. They may not like it! Here is ...
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How Do I Get My Kids Started on Their Estate Plan? Part Two

Explain how simple and efficient the planning process can be for them: Many of us lead busy lives, and it is difficult to make time for everything. Yet we manage to make time for the things that ...
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How Do I Get My Kids Started on Their Estate Plan? Part One

How do you get your adult children to take estate planning seriously? This is a common concern that plagues many parents. Some adult children don’t understand the importance. Others understand ...
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Am I Too Old to Redo My Will? Part Two

Am I Too Old to Redo My Will? Part Two There are also many events that may have occurred in your life that may alter your Estate Plan, even if you didn’t realize it. The following events are ...
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Am I Too Old to Redo My Will? Part One

Am I Too Old to Redo My Will? Part One I’ve mentioned before that many people question whether they are too young to consider drafting a Will or an Estate Plan, but on the other end of the ...
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Am I Too Young to Have a Will? Part Two

Am I Too Young To Have A Will? Part Two This isn’t supposed to be a scary blog entry, instead it should be seen as more of an eye-opener as to how simple it can be to protect your loved ones ...
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Am I Too Young to Have a Will? Part One

Am I Too Young To Have A Will? Part One I can’t explain how many times I’ve been asked this question. It’s actually a really good question, and the answer is not a simple Yes or No. ...
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Comprehensive Powers of Attorney - Part Three

Comprehensive Powers of Attorney – Part Three On October 1, 2016, the Connecticut Uniform Power of Attorney Act will take effect. The following is a general overview of the use and benefit of ...
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Comprehensive Powers of Attorney - Part Two

On October 1, 2016, the Connecticut Uniform Power of Attorney Act will take effect. The following is a general overview of the use and benefit of powers of attorney, and in particular, the use and ...
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Comprehensive Powers of Attorney - Part One

On October 1, 2016, the Connecticut Uniform Power of Attorney Act will take effect. The following is a general overview of the use and benefit of powers of attorney, and in particular, the use and ...
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THE LLC OPERATING AGREEMENT - Part Two

In the last post, we discussed Management and Voting, and Initial Capitalization as two very important aspects of a basic LLC Operating Agreement. Here are the other three most important provisions/ ...
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THE LLC OPERATING AGREEMENT - Part One

What are the key provisions and necessary clauses of a solid LLC Operating Agreement? The rights of business partners or “members” as they are called in a limited liability company are not ...
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ABLE ACCOUNT: Is it the right tool for me? - Part Four

Uses of the ABLE Account A person receiving needs-based government benefits often has a dilemma when it comes to saving, whether for education or for unexpected events, all while maintaining public ...
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ABLE ACCOUNT: Is it the right tool for me? - Part Three

Tax Benefits ABLE accounts have tax benefits similar to 529 accounts. Qualified distributions from the account are not counted as taxable to either the contributor or the beneficiary. Qualified ...
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ABLE ACCOUNT: Is it the right tool for me? - Part Two

Financial Limitations on ABLE Accounts There are currently limitations as to the amount of savings that can be held in an ABLE account. The first such limitation deals with the annual contribution ...
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ABLE ACCOUNT: Is it the right tool for me? - Part One

There are many unique components of special needs planning, one of which is to ensure that individuals with special needs remain eligible for important needs-based government benefits such as ...
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