Please review 6 Easy Steps to Open an Estate in Connecticut.
Unless the will specifically indicates a bond is not required, the executor will need to get a Probate Bond. The coverage and insurance premium will be based on the expected size of the estate. The executor may have to front the money to get the bond as the estate checking … Continue reading »
A decedent will list their executor (or executrix) in their will. If the decedent did not name one or did not have a will, the court will appoint someone to manage the affairs of the estate.
This person will be known as an administrator or adminstratrix. The appointment will allow you to manage … Continue reading »
Frequently, parents will be encouraged to give their home to their children so the government won’t take it to pay any nursing home bills. This is usually very bad advice. Why is this not an appropriate strategy?
The Bush era tax cuts are expiring. Here are some of the key tax rates for 2010 and 2011:
2010 2011
Ordinary Income 35% 39.6% Long Term Capital Gains 15% 20% Qualifying Dividends 15% 39.6% Estate Tax 0% 55%
Unless Congress decides to do something different, we are stuck with these tax rates. The numbers may need a little explanation.
Recently my son turned 18. In Connecticut this is considered the age of majority. In other words, he can make his own decisions. Well, that's what the law says. However, he's still living under my roof, so he’s got to deal with me. It's probably more accurate, though, to say that I have to deal with him.
Borgida & Company, P.C. | Manchester, CT 860.646.2465 • Niantic, CT 860.739.5459 • Storrs, CT 860.429.7885
