Together with long-term care and Medicaid planning, estate planning is a crucial process for individuals and families in Connecticut. These types of planning involve making strategic decisions about assets and healthcare to ensure financial stability, minimize tax...
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Estate planning
What happens if Connecticut residents die without a will?
Most responsible adults understand the value of estate planning. They know their loved ones will need protection and guidance if anything were to happen to them. They can still very easily find ways to delay the process. Most people don't want to think about dying or...
3 ways that older adults can plan to cover nursing home costs
As people develop physical limitations or experience cognitive decline in response to aging, they may find themselves in need of increased support on a day-to-day basis. Even those who have always been staunchly independent may eventually need to consider moving into...
Adding a power of attorney to your estate plan
Many people start the estate planning process by writing a will. They own assets and they want to pass those assets on to their heirs. A will is a way for them to make a list of their assets and specify who should get each one. They may believe that this is all that...
Should you talk to your children about your estate plan?
When planning or revising their estate plans, many adult parents wonder if it is a good idea to include their adult children in their estate planning, and for a good reason. There are many benefits to involving your adult children in your estate planning. Doing so can...
Choosing the executor of your estate
When you’re getting your estate plans in order, choosing your executor is one of the most significant decisions you have to make. Do you pick your oldest adult child? Should you put your younger brother or your favorite niece in charge? Do you want an attorney or a...
Can your estate plan prevent probate challenges later?
Your estate plan is a written record of your wishes and plans for after your death. You may also include some instructions regarding the medical care you would prefer to receive if you suffer some kind of incapacitating medical event. If you take the time to create...
Will Medicaid lay claim to your estate and even your home?
Medicaid is a very important insurance program. Created by the federal government but managed by individual states, Medicaid provides needs-based health coverage to those who do not have private health insurance or whose health insurance leaves them unable to cover...
When should I get an estate plan?
Estate planning is an important part when putting together a financial portfolio. A proper estate plan requires a good understanding of your assets and projections for growth. Taking the time to understand your finances in depth now can help you to better ensure you...