by Allison DePaola | Jun 2, 2017 | Estate Planning
Who it helps: A disabled person younger than 65 who comes into assets (typically by inheritance or settling a personal injury case) that otherwise would make him/her ineligible for government benefit programs such as Supplemental Security Income (“SSI”) or Medicaid...
by Allison DePaola | May 25, 2017 | Estate Planning
It is a potentially very important and sensitive written document that stands for Medical Orders for Life Sustaining Treatment. Not all States permit a MOLST. Connecticut has a pilot program, now in place. What does a MOLST do? A MOLST allows a person who is...
by Allison DePaola | Apr 15, 2017 | Estate Planning
A Living Will: Comes into play only if you are in a “persistent vegetative state” or the “final stage of a terminal illness” and are being kept alive by a “mechanical device.” A Living Will tells the world whether you want to be kept alive in those specific...
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 | Mar 22, 2017 | Estate Planning, Taxes, Trusts
Many married couples are concerned about Connecticut Estate Tax planning and therefore are interested in a Connecticut Credit Shelter Trust. A commonly used tool used in Connecticut Estate Tax planning that aims to reduce or eliminate the Connecticut Estate Tax is...
