You have worked hard to leave a financial legacy for your children., One of the most asked questions I get is how to prevent the inheritance from going to a child’s spouse if they get divorced. After all, who wants a child’s ex spouse to walk around with their legacy? But, under current law, that... Read More
Stratford Special Needs Lawyer: Will Receiving an Inheritance Cause Me to Lose My Government Benefits?
As a Stratford special needs lawyer, I often receive questions about whether a disabled individual can continue to receive public benefits after receiving an inheritance. The answer is that it really depends on the type of benefit that is being collected, the age of the beneficiary, and what other planning options are available. Social Security... Read More
Trumbull Estate Planning Attorney: What’s the Difference Between an Executor and a Power of Attorney?
One of the many questions Trumbull estate planning lawyers get asked is how long is a Power of Attorney in effect. The answer to that question is complicated in the beginning, but very simple at the end: depending on what type of Power of Attorney you have, it may be in effect as soon as... Read More
When making an estate plan and Last Will and Testament, many people have a difficult time deciding who should be the Executor of their estate. One consideration is naming Co-Executors – two or more people who serve as executor of the estate. Each Co-Executor named in your Last Will and Testament will have authority over... Read More
Recent studies have shown that only slightly more than half of all Americans have a Will or Trust document in place to direct their estate after they pass away, and that the vast majority of those documents have not been updated in the last five years. Even worse, it’s been reported that most adult children... Read More
At Drazen Law Group, we’re often asked why anyone would need an attorney to help put a loved one in a nursing home. After all, the admission process seems like it should be a simple matter, something that family members could easily handle—like going to the DMV to change your vehicle’s license plates. Unfortunately, the... Read More
In Part 1, Attorney Steven Rubin explained the basics of Pooled Trusts. This week, Attorney Franklin Drazen, certified as an Elder Law Attorney by the National Elder Law Foundation, explains the options available to Connecticut residents who want to participate in a Pooled Trust. In August 2016, the “What the Hell is a Pooled Trust”... Read More
In late September, as part of the first major overhaul of federal nursing home regulations in a quarter-century, the Centers for Medicare and Medicaid Services (CMS) issued a final rule prohibiting binding pre-dispute arbitration agreements in facilities that accept Medicare and Medicaid patients. Attorney Franklin Drazen explains what this means for families. Families often turn to... Read More
For the past few weeks, we’ve been talking about ABLE accounts. In this final installment of our three-part series, Attorney Franklin Drazen talks about the importance of developing an overall strategy for funding the living expenses of a person with special needs, and shares links to online resources that will be helpful to any family... Read More
Last week, we looked at the problems and challenges faced by people with disabilities, discussed how ABLE accounts address those problems, and explained how ABLE accounts differ from Special Needs Trusts and Pooled Trusts. This week, Attorney Franklin Drazen discusses the mechanics of ABLE accounts including eligibility criteria, contribution limits, allowable expenses, and how to... Read More