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Trusts enable you to grow assets and provide income for your family. Some trusts provide income to one person for life, with the principal ultimately passing to the next generation. The principal of a trust can consist of stocks, bonds, real Read more
The Tax Cuts and Jobs Act passed by Congress and signed by President Trump on December 22, 2017 (“the Act”) contains many new federal tax provisions. In this article, I explain how the new tax laws affect seniors and individuals with special Read more
A Qualified Longevity Annuity Contract (QLAC) provides an alternative investment option for retirement plans like 401(k)s, 403(b)s or IRAs. Most retirement plans require minimum distributions every year once you turn 70½. With QLACs, however, you Read more
It will take months for tax lawyers, accountants and financial advisors to digest the voluminous Tax Cuts and Jobs Act passed by Congress and signed by President Trump on December 22, 2017. At Cipparone & Zaccaro, PC, our attorneys have been Read more
Governor Malloy created the Connecticut State Department on Aging in 2013. It consisted of two parts: (1) The State Unit on Aging; and (2) The Long Term Care Ombudsman Program. The State Unit on Aging administers several programs for older Read more
At Cipparone & Zaccaro, we regularly receive a call from a child who wants to assist his or her parent with an estate plan. Often, the child schedules an appointment for us to meet with the parent or the child brings the parent to our law Read more
THIS ARTICLE HAS BEEN SUPERCEDED BY: Update on the Connecticut Estate Tax Exemption
The new Connecticut state budget, signed by Governor Malloy on October 31, 2017, increased the individual exemption for Connecticut estate and gift taxes Read more
Many nursing homes will draft a power of attorney for their residents. Doing so is often framed as saving money. However, if a power of attorney is done without an examination of the circumstances, it can cost many times more money than it saves Read more
The phone rings at home and the conversation begins with an innocent,
"Hi, Grandpa."
"Who's this?" the senior asks.
"Don't you recognize my voice? It's Michael. I'm in Boston." (All names have been changed to protect the Read more
Recently, in a case that was litigated before the New York Court of Appeals, that Court ruled that terminally ill patients do not have the right to seek life-ending drugs from doctors. The case was initiated by three people with terminal Read more