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Trumbull Estate Planning Attorney: What’s the Difference Between an Executor and a Power of Attorney?

July 20, 2017 | By: Franklin A. Drazen
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

New Haven Will and Trust Lawyer: Should My Will Have Co-Executors?

July 13, 2017 | By: Steven L. Rubin
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

Milford Estate Planning Lawyer: 3 Estate Planning Mistakes to Avoid

July 06, 2017 | By: Franklin A. Drazen
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

When It Comes to Nursing Homes, You Don’t Know What You Don’t Know

December 26, 2016 | By: Franklin A. Drazen
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

What the Hell is a Pooled Trust: Part 2

December 26, 2016 | By: Franklin A. Drazen
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

CMS Bans Nursing Homes’ Use of Pre-Dispute Arbitration Agreements

December 26, 2016 | By: Franklin A. Drazen
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

The ABCs of ABLE Accounts – Part 3

December 26, 2016 | By: Franklin A. Drazen
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

The ABCs of ABLE Accounts – Part 2

December 26, 2016 | By: Franklin A. Drazen
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

Minimizing Taxes on Inherited Assets Part 3: Stocks & Bonds

December 06, 2016 | By: Franklin A. Drazen
If you’ve just inherited an IRA, annuity, stocks, bonds, or other assets from your parents, minimizing your tax obligation is critical. What do you need to know to keep Uncle Sam from taking more than his share when you file your tax return? In this three-part series, Attorney Franklin Drazen covers a few of the... Read More

Minimizing Taxes on Inherited Assets Part 2: Annuities

December 06, 2016 | By: Franklin A. Drazen
If you’ve just inherited an IRA, annuity, stocks, bonds, or other assets from your parents, minimizing your tax obligation needs to be addressed. What do you need to know to keep Uncle Sam from taking more than his share when you file your tax return? In this three-part series, Attorney Franklin Drazen covers a few... Read More