Recent Posts in Irrevocable Trusts Category

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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Estate Planning for Families with Special Needs Children - Part Three

“First Party” Special Needs and Pooled Interest Trusts If you are the person in Scenario 2 from Part 1 of this series (the person receiving governmental benefits) and you receive a ...
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Estate Planning for Families with Special Needs Children - Part Two

Supplemental Needs Trusts If you are the person in Scenario 1 from Part 1 of this series (the parent or grandparent of a child with special needs), and you wish to provide your loved one with ...
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Estate Planning for Families with Special Needs Children - Part One

Who Needs Special Needs Planning? Any family member or loved one with disabilities or special needs who relies (or may come to rely) on certain needs-based government benefits [e.g. Supplemental ...
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How Can an Irrevocable Trust Benefit You? Part 2

Last time, we discussed asset protection and protection against estate, income, and capital gains taxes through irrevocable trusts. Here are some other benefits of irrevocable trusts: Special Needs If ...
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How Can an Irrevocable Trust Benefit You? Part 1

Estate Tax Protection Insurance, real estate, brokerage and bank accounts, and other personal property can be transferred to your irrevocable trust to insulate the assets in your trust from inclusion ...
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How do I protect my assets from the nursing home?

One of the biggest concerns clients have when they come into our office for estate, elder care, or Medicaid planning is that they will end up spending all their assets on skilled nursing care and have ...
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Life Insurance and Estate Planning in Connecticut

Many people are not aware of the benefits of life insurance when it comes to estate planning. The following will explore some of the uses of life insurance that are often overlooked. Common Uses for ...
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Is having a co-trustee a good idea in Connecticut?

Determining who will be the Trustee of your Trust can be a very difficult decision. Many parents want to name their children, but are concerned that doing so will subject them to unnecessary ...
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Should my financial advisor be involved with my estate planning?

With all the different professionals out there who are involved in helping folks plan for and around life events, there can be some confusion around who is needed for what. Many of the clients who ...
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Would you like to help ensure your kids "stretch" IRA benefits?

I came across this article in the AARP discussing "stretch" IRAs. (Click here for AARP article) . A "stretch-IRA" can be a great benefit for your kids. The goal of course is to ...
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Should I just leave everything to my spouse to avoid Taxes?

A came across an interesting article on Al Davis today (click here for article). You might have heard about Al Davis's death if you have been watching the news or if you happen to be a sports fan. ...
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Revocable Living Trust vs. Irrevocable Trust

In one of my previous posts, I described the benefits of a Revocable Living Trust, and recently I realized that many people might not know how this differs from an Irrevocable Trust. So this naturally ...
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