Posts Tagged ‘Estate Planning Attorney’


How Many Trusts Do I Need?

grandfather, grandsons and notebook

Estate Planning can get tricky. One tool that is frequently used is a trust. Many trusts are set up as revocable (“rev”) trusts.  This means the person that formed the trust can amend or change it at time during their lifetime. When someone with a revocable trust passes away, the trust then becomes irrevocable, which means … Continue reading »


Why I Asked My Daughter to Give Me a Power of Attorney

http://www.dreamstime.com/royalty-free-stock-photo-power-attorney-image27474485

Recently my daughter turned 18.  In Connecticut this is considered the age of majority.  In other words, she can make her own decisions.  Well, that’s what the law says.  However, she’s still living under my roof, so, well, she’s got to deal with me.  It’s probably more accurate to say however, that I have to deal with her.

A Power of Attorney … Continue reading »


How to Plan Your Estate and Live Happily Ever After

Ask many people if they have an estate plan and they just roll their eyes.  With the Federal Estate Tax Exclusion at $5.12 million most people will not be subject to estate taxes.  In Connecticut, the exclusion is $2 million and many people won’t be subject to this tax.  So…why do I need an estate plan?


Is Estate Planning Dead?

With the Federal Estate Tax Exclusion of $5 million, many commentators have suggested estate planning is dead.  I think this deserves a closer look.


Don't Look Now…Tax Rates are Headed Up!

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.


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