by Allison DePaola | Sep 5, 2018 | Connecticut Estate Planning Attorney Blog, Estate Administration, Estate Planning
We posted this blog post many years ago, but, it is worth repeating. We often get questions from clients and colleagues who are confused about what exactly a Living Trust is and the advantages and limitations of incorporating a Living Trust in an estate plan. A...
by Allison DePaola | Feb 7, 2018 | Connecticut Estate Planning Attorney Blog, Estate Administration, Estate Planning
More than you may think! Solely owned assets that don’t have designated beneficiaries. Examples are solely owned real property, solely owned financial institution accounts, solely owned United States Savings Bonds, and solely owned shares of stock. Jointly owned...
by Allison DePaola | Jan 23, 2018 | Connecticut Estate Planning Attorney Blog, Estate Administration, Estate Planning, Long Term Care Issues, Medicaid and Long Term Care
Estate and Gift Tax: The federal lifetime exemption for property passing to non-spouse beneficiaries has been increased to $11,200,000.00. The Connecticut lifetime exemption for property passing to non-spouse beneficiaries has been increased to $2,600,000.00. There is...
by Allison DePaola | Mar 30, 2017 | Estate Administration, Estate Planning, Long Term Care Issues, Medicaid and Long Term Care
Do you have questions about Connecticut Wills, Living Trusts, Probate, or Long Term Care? We often write about Wills, Living Trusts, Probate matters, and other legal topics here on our blog and in our social media. This Spring, we’re offering classes so that we...
by Allison DePaola | Mar 30, 2017 | Estate Administration, Estate Planning
What is a step-up in basis for Connecticut Estate tax purposes? Step-up in basis is the readjustment of the value of an appreciate asset that passes to someone at death. It is important to calculate the step-up in basis for tax purposes. The chart, below, helps...
by Allison DePaola | Feb 22, 2017 | Connecticut Estate Planning Attorney Blog, Estate Administration, Estate Planning
Making decisions about who to appoint to carry out important roles for you after your death can be very difficult. However, if you don’t proactively select the people you trust and the position needs to be filled the Probate Court will appoint someone for you....
