As if losing a parent wasn’t hard enough, that loss often comes hand in hand with the very real potential for life-changing sibling rivalry over the inheritance. In fact, disagreement over whether an inheritance has been divided fairly is the number one cause of adult sibling rivalry. At the root…
You know about Wills – hopefully you have one! You probably are also familiar with other estate planning documents such as a power of attorney and an advance health care directive. But do you know what a trust is? Do you know what purpose it serves? And…should you have one?…
What’s the secret to happiness? Not sure there are any secrets, but there appears to be a formula. By studying happy people, researchers have been able to find common traits and links between them. This is good news for us! It means we can take steps to actively increase our…
If you want Medicaid in Connecticut to pay for your long-term care, one thing you should NOT do is give away your assets – unless you think you won’t need Medicaid within the next five years. When you apply for Medicaid for long-term care in either a nursing facility or…
Experts have been telling us for years that regular family dinners are one of the most effective ways for parents and children to reconnect and bond. Families who consistently sit down at the table together also reap many other benefits including healthier, smarter, more resilient kids. But in many households—despite…
What would happen to your business if you were unexpectedly incapacitated? How long could your company survive if you weren’t there to make the decisions that keep the operation moving? What kinds of calamity might come about even in a short period of time if certain contracts weren’t signed, deals…
During a time of grief and sadness, the thought of having to go through probate can understandably bring on additional anxiety and confusion. And, if your loved one owned out-of-state property, you may now be tasked with dealing with an additional layer of cumbersome paperwork and probate proceedings. So you…
While Medicare does not pay for long-term care, it will cover up to 100 days of care in a skilled nursing facility (SNF). There are, however, some fairly stringent and somewhat confusing qualifications patients must meet before Medicare will extend this benefit. Unfortunately, because there is some nuance to the…
By Lara Schneider-Bomzer So you’ve been doing your estate planning homework. You’ve learned that perhaps you should have a trust in addition to a Will. But then you hear that there are different types of trusts! In this blog post I’ll help you understand the difference between the two main…
By Lara Schneider-Bomzer Purchasing annuities is a good way for married couples to protect assets, but doing it wrong could mean huge penalties. Here is what you need to know about annuities as it relates to Medicaid planning in Connecticut: If your spouse is residing in a nursing home or…