New Haven Legal Blog

Pick the Right Executors and Trustees

03
August
2014

One of the most important things you can do with your estate plan is pick the right person to carry out your wishes. Even if you have the most detailed, elegant, and absolutely perfect estate plan, if you pick the wrong executor, there can be years and years of frustration and difficulty ahead for your […]

Posted in Estate Planning |

Check Your Estate Plan After a Divorce

27
July
2014

If you are currently undergoing a divorce, or recently went through one, it is likely your brain is filled to capacity with concerns, worries, and stresses. Once you have any small semblance of peace, though, it is important to add one more thought to the list: Estate planning. If you had an estate plan all […]

Posted in Estate Planning, Marriage |

Prenuptial Agreements and Estate Planning

20
July
2014

Just a few short decades ago, prenuptial agreements were all but unheard of. They weren’t for ordinary people, but rather for rich famous couples who were unlikely to last anyway. Nowadays, however, they have become more commonplace, and for valid reasons. Whether both individuals are well-enough off that they just want to avoid financial entanglement, […]

Posted in Estate Planning, Marriage |

Inherited IRAs not Exempt in Bankruptcies, Says Supreme Court

13
July
2014

Last month, the United States Supreme Court made a decision which has drastic financial ramifications for a large number of people across the country. Their decision, which was unanimous, was related to an inherited individual retirement account (IRA), and how it falls in with a bankruptcy plan. Normally, IRA accounts are considered retirement funds, and […]

Posted in Estate Planning, Retirement Accounts |

List Out Digital Footprint for Your Loved Ones

06
July
2014

The whole world is becoming more digital, and while there are an amazing array of conveniences that come with it, it also complicates estate planning a little bit. The phrase “digital footprint” is a term that means specifically how many accounts and memberships you have online. This can be gmail accounts, online banking, vehicle forums, […]

Posted in Digital Assets, Estate Planning |

It Might be Time to Update That Estate Plan

29
June
2014

The story plays out the same way almost every time you hear it: Some wealthy individual passes away, and despite the fact that they had an estate plan filled out, their family still gets embroiled in a bitter court battle over how the estate should be split up. This is because, even though the individual […]

Posted in Estate Planning |

Estate Planning for Professionals

22
June
2014

When an individual graduates from college or law school, there is a certain list of next steps on their mind. After years and years of hard work and studying, they are finally able to reap the benefits and get a good job. Once they get that job, the list of next steps gets updated. Pay […]

Posted in Estate Planning |

The Danger of Federal Estate Taxes

15
June
2014

No one enjoys taxes. While in many cases they are a necessity, it is always a hassle dealing with them, and it is always frustrating to see such a large portion of income simply vanish. For some people, April 15 is the most hated day of the year. When it comes to estate plans, taxes […]

Posted in Estate Planning, Taxes |

Estate Planning for Women Different in a Few Key Areas

08
June
2014

Regardless of whether you’re female or male, the main strategy for planning out your estate should be more or less similar. Where the differences lie are in the details, and in later-life. To start with, women statistically live quite a bit longer than men. The U.S. Census Bureau reports that of individuals over the age […]

Posted in Estate Planning |

Will Estate Plans Cross State Lines?

25
May
2014

Moving can be a stressful and time-consuming endeavor, especially when state lines are crossed. Making sure that everyone stays safe and that all your possessions survive intact can take all your energy. One thing that is likely to slip through the cracks is the updating of your estate planning. While it is possible that your […]

Posted in Estate Planning |