Death TaxesIt has been a well-established rule for many years that transfers from one spouse to another at death are not subject to federal or state estate tax, regardless of the amount of the bequest, as long as the bequest passes outright to the surviving spouse or to a certain type of trust for the surviving […]
The change to caring for the elderly at skilled nursing facilities came at great expense to the individuals in need of the care, as well as the state and federal governments that pay for those costs when the needy no longer could. The average cost of care in a nursing home in Connecticut today is […]
Wills do so much more than all other forms of asset management and transfer combined. Wills are the quarterback of a decedent’s estate team. Other means of ownership and transfer may be useful, and should be part of the estate plan, but none of them can coordinate the entire estate settlement process like a Will […]
Understanding Categories of Firearms The first step you should take is to prepare an inventory of all firearms (including ammunition and other accessories) that are part of the estate. Once this is complete, it is important to understand how such items are categorized by law. Connecticut breaks up firearms (and firearm accessories) into five categories: […]
