Recent Posts in Probate Category

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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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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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Estate Planning: Revocable Living Trusts vs. Wills - Part Four

Wait! I was told that you don’t really avoid Probate with a Living Trust This is completely false if all probate assets are transferred to the Trust, and we are defining probate as the standard ...
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Estate Planning: Revocable Living Trusts vs. Wills - Part Three

How big should my Estate be before I worry about probate? This is the trick question that plagues so many lay-people and professionals. I have seen some less experienced professionals try and create ...
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Estate Planning: Revocable Living Trusts vs. Wills - Part Two

How is a Living Trust different than a Will? A Will is a death instrument, and is practically speaking, a set of instructions that is provided to the probate court. A Living Trust on the other hand ...
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Estate Planning: Revocable Living Trusts vs. Wills - Part One

What is a Revocable Living Trust? The American Bar Association (ABA) website states… “The term ‘living trust’ is generally used to describe a trust that you create during your ...
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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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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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What is a temporary administrator in probate in Connecticut?

In the State of Connecticut, a creditor of a person who passes away (or another interested party) can apply for temporary administration of the estate to hold and preserve the estate if the regular ...
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How to talk to your parents about estate planning

It is a difficult conversation to have, but you know that you need to have it....the dreaded estate planning discussion with your parents. Many of our clients have asked us how they can "get ...
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Is TOD a good way to avoid probate?

A "transfer on death" (TOD) account is one where a beneficiary or beneficiaries is/are named. The purpose often times is to "avoid probate." Unfortunately, this tool is often times ...
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Will my family business go through probate?

A Will is essentially a set of wishes that goes to the probate court. Many people prefer to avoid a standard probate process and use trusts as a probate avoidance tool. The reason why many people want ...
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Can my parent's creditor go after a joint account after mom or dad dies?

This is a common question and there are a lot of misconceptions out there regarding jointly held property. First off, a jointly-held account with rights of survivorship (hereinafter referred to as ...
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Common Probate Issues - Funeral expenses

The general rule in Connecticut for married couples is that the funeral expenses are an expense of the estate, but if the estate doesn't have the money to pay...the surviving spouse pays. In the ...
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Does jointly-held property avoid probate in Connecticut?

I cannot tell you the number of times I have heard from someone that they were told by [insert name] that if they put their spouse or child on the deed to their house that they will avoid probate. ...
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