Blog
January 1st of each year brings changes to several key Medicaid figures, which are adjusted for inflation. Below are the Connecticut Medicaid (also known as Title XIX and Husky) figures that apply as of June 1, 2022:
Husky C (Medicaid in... Read more.
The fight to uncover money laundering by Russian oligarchs and other bad actors will soon affect small companies and trusts. On January 1, 2021, the U.S. Senate overrode President Trump’s veto of the... Read more.
Connecticut estate tax exemption $ 7.1M
Federal estate tax exemption $ 11.7M
Top Connecticut estate tax rate 12%
Top federal estate tax rate 40%
Top income tax rate... Read more.
With proper planning, a married couple can combine their two exemptions to protect double the amount of assets from estate taxes than a single person can protect. Saving on estate taxes helps your family preserve more assets for the next... Read more.
In Goytizolo vs. Moore, Trudy Moore (hereinafter, “Trudy”) bought a Southbury property in 1955. Two months later, Trudy conveyed this property to her mother in trust for Trudy’s minor daughter, Lynn. Trudy did not prepare a separate trust agreement... Read more.
Many times, when we send a Will or Trust to a client, the first question the client asks is “What does ‘per stirpes’ mean?” The term per stirpes appears with the word “issue” or “descendants.” Your issue or descendants are your... Read more.
Family members who weather this pandemic may consider making a low interest loan to family members with fewer resources. Intrafamily loans have many advantages. The minimum interest rate required by the IRS on intrafamily loans is lower than... Read more.
Jack Reardon and Joe Cipparone were recognized by their peers to be featured in the 27th Edition of The Best Lawyers in America© They received this recognition for the high caliber... Read more.
During this pandemic, we realize some of our clients want to meet in our office with masks and some would prefer to meet through Zoom or merely by telephone. We can accommodate any location for interacting.
... Read more.
Given that summer is here, planning for the future of your family vacation home seems appropriate. A cottage can represent a significant portion of a family’s wealth and history. If purchased many decades ago, it has likely appreciated in... Read more.