What Happens to Debt When Someone Dies in Milford?
May 27, 2015
Will and estate lawyers in Milford are becoming intimately aware of their clients’ financial situations, and it’s just a fact of life that many people have considerable debt. Whether it is the person setting up an estate plan or one who has inherited from it, there are often questions regarding what happens to that debt. …
Read blogThree Milford Estate Planning Myths: True or False
May 22, 2015
Milford estate planning lawyers eat, sleep, and breathe estate planning and see pretty much every kind of situation unfold. Clearly, individuals who have taken the time to create a solid estate plan nearly always fare better than those who do not. Still, there are a whole lot of myths and misunderstandings floating around that stop …
Read blogBusiness Planning Attorneys in Connecticut Recommend Living Trusts
May 15, 2015
Connecticut business attorneys see again and again how folks underappreciate just what they can do to protect their businesses through estate planning. After spending years building a solid business, it should almost go without saying that you want to protect what you’ve created. One way is to work with a business planning attorney to create...
Read blogThree Liability Planning Tips for Physicians
May 14, 2015
The practice of medicine is a profession fraught with liability. It’s not just medical malpractice claims either – employment related issues (wrongful termination, sexual harassment, and discrimination), careless business partners and employees, and contractual obligations (personal guarantees, leases, business agreements, etc.) add to the increased risk assumed by a physician in private
Read blog7 Signs that It’s Time to Update Your Estate Plan
May 7, 2015
So, you and your Milford estate planning lawyer have put together a great plan for you. Congratulations! You are ahead of the majority of the population already. Keep in mind, however, that even though the hard part is done, there is some maintenance that you and your attorney will want to do from time to...
Read blogThe Infamous Prenup and the Milford Lawyers Who Create Them
April 30, 2015
Generally, we hear about prenuptial agreements when a celebrity split is splashed across the tabloids. What you don’t usually hear about are the Milford prenup lawyers who are charged with making sure the stars are covered in the case of a high-profile divorce. We may not have a lot of famous folks here in Milford,...
Read blogMilford Will Lawyer Says, “Make Sure Your Step Children are Cared for in Your Estate Planning”
April 29, 2015
For those who love their stepchildren as their own, it may come as a surprise that this bond isn’t enough when it comes to estate planning in Connecticut. Because of the laws of inheritance, stepchildren do not automatically inherit when a stepparent dies. Let’s say you’re creating your estate plan, and you stipulate that your...
Read blogMake Your Wishes For Your Facebook Account Known Using The Legacy Contact Feature
April 29, 2015
As our lives become increasingly digital, more and more of the assets we accumulate are based in technology or created online. Estate attorneys in Milford have the important job of educating their clients on how to handle “digital assets” in the event of a person’s death or incapacity, and then helping the client document such...
Read blogEstate Planning Concerns for Young Professionals in Milford – Part II
April 28, 2015
In the previous part of this series, we looked at three of the documents that a Milford estate planning lawyer would most recommend for a new, young professional: Beneficiary Designations Financial Power of Attorney Medical Power of Attorney There are two other must-have documents for the young professional, however. Last Will and Testament Beneficiary Deed...
Read blogEstate Planning Concerns for Young Professionals in Milford – Part I
March 25, 2015
Part I of a two-part piece looking at the most important estate planning documents for young professionals. Milford estate planning for young professionals? Perhaps nothing about the word “young” makes you think of the need for estate planning. The truth is, however, that those folks who have recently graduated from school and into the world...
Read blogThe Role of Milford Will and Trust Lawyers When You Move to a New State
March 18, 2015
Trusts lawyers in Milford have the important job of helping their clients create a legacy that is compliant with a number of different laws. For the most part, these laws will vary from state to state. Some differences are minor, while others can impact the trust significantly. Someone who already has established a trust in...
Read blogAn Milford Estate Planning Lawyer’s Advice Specifically for Women
March 12, 2015
A good Milford estate planning attorney is going to help you take a lot of things into consideration when putting together your plan. Various factors influence your estate planning after all: finances, children, age…But what about your gender? Is estate planning for women different than it is for men? Actually, there are some important things...
Read blogEstate Planning and Loss of Income in Connecticut
March 5, 2015
Many people visiting their will and estate planning lawyers in Milford are unprepared for the news that their income might change drastically with the death of a spouse. For example, the spouses of veterans are often surprised to find that VA benefits can end when the veteran passes away. Unfortunately, this is something that sneaks...
Read blogConnecticut Wills and Trusts Lawyers See a Rise in Incentive Trusts
February 27, 2015
As growing numbers of people in Connecticut are realizing that they can have more of a say in how their estates are used after they have departed, the use of incentive trusts has increased as a result. Parents especially are directing their trusts lawyers to add guidelines and stipulations that need to be met in...
Read blogEstate Planning for Unmarried Couples in Milford
February 12, 2015
While married couples are most obviously in need of the services of an estate planning lawyer in Milford, unmarried couples may actually need it more. It’s a pretty well known fact that when a married spouse passes away, the other will likely inherit a considerable portion of the estate, simply by virtue of the legal...
Read blogA Milford Special Needs Attorney’s Take on the ABLE Act and New Savings Opportunities for Disabled Individuals
February 4, 2015
Thanks to a new law passed in Congress last month, disabled individuals will no longer have to choose between saving a small nest-egg for future care expenses or preserving long-term eligibility for low-income benefits such as Medicaid or Supplemental Social Security Insurance (SSI). Under the Achieving a Better Life Experience (ABLE) Act, individuals with disabilities …
Read blogMilford Estate Lawyer: Basics of Trust Administration
January 28, 2015
Wills and trusts administration is an interesting aspect of estate planning law, and one that has a really important impact on the beneficiaries of an estate. Generally speaking, a lawyer in Milford who does wills and trusts administration will offer a variety of services. Administration with a Will When the deceased has left behind a...
Read blogHow Marital Status Affects Estate and Tax Planning in Milford
January 23, 2015
Who can get married and who can’t is an issue that estate and tax lawyers in Milford are following closely. Beyond social and religious meaning, marriage brings with it certain rights and benefits. A person’s marital status affects so many legal aspects of life, all the way through who will inherit property after death. Tax...
Read blogAddressing the Need for an Elder Lawyer In Milford with the Senior in Your Life
January 16, 2015
The choice about whether or not to hire a Milford elder lawyer is one that is not to be taken lightly. Unfortunately, it’s a topic that can cause a lot of anxiety both for the senior and for his or her adult children. There are multiple reasons that it’s an uncomfortable conversation to have. Of...
Read blogEstate Planning When You’ve Got Money But No Kids
January 7, 2015
To be fair, a huge part of a Milford estate planning lawyer’s job is to help parents determine how best to take care of their children once they are gone. In the case of minor children, this might revolve around choosing legal guardians, setting up educational trusts, and making sure there is someone to manage...
Read blogShelton Probate Lawyers Don’t Like Surprises
December 30, 2014
Sure, the typical probate lawyer in Shelton might like a surprise birthday party or an unexpected bit of good news, but when it comes to probate, the fewer surprises, the better. One of the main purposes of estate planning, after all, is to detail how an individual would like for things to proceed after his...
Read blogEstate Planning Bucket List for Those in Stratford
December 23, 2014
We’ve pretty much all heard about “bucket lists,” but that term can take on a little bit of a different meaning when you’re a Stratford estate planning lawyer. We deal with the reality every day that life is fleeting, and it’s our goal to help clients to maximize what they are able to leave behind....
Read blogTrumbull Elder Lawyer Weighs in on Conservatorships vs. Powers of Attorney
December 19, 2014
As an elder lawyer in Trumbull with considerable experience, certain questions are asked over and over again. One area that sometimes requires explanation is the difference between conservatorships and powers of attorney. Conservatorships for Elders Conservatorships come into play when an adult experiences some sort of issue that leads to a mental disability. Elder lawyers...
Read blogMilford Trust Lawyer: How to Protect Inherited IRAs From Future Bankruptcy
December 9, 2014
Milford trust lawyers are abuzz following a recent US Supreme Court decision that will have big implications for clients. The fact that these professionals keep up-to-date on legislation and court decisions that affect their clients is one of the most important reasons not only to hire an estate planning lawyer in the first place, but...
Read blogMilford Asset Protection Lawyer: How To Shield Your Wealth From Creditors and Judgments
December 4, 2014
In today’s litigious society, just about everyone needs some level of asset protection planning. Unfortunately, more and more people are using the legal system to deprive others of their life’s work. Whether you’re involved in a car accident, a mistake on the job, a business relationship gone sour, or you simply face unexpected financial difficulties …
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