The C&Z TrustElderLaw Blog
What Is an LLC?
Effective July 1, 2017, Connecticut has a new law controlling limited liability companies. An LLC is a business entity like a corporation and one of its’ purposes is to insulate the member of the LLC from creditors. If you conduct business as an LLC, a lawsuit cannot... Read more.
In a previous blog, I wrote about whether a Will was valid if it was signed by someone with dementia. In that blog, I mentioned three generally accepted criteria that the proponent of the Will must prove for a court to determine whether the testator had the capacity to sign their will. In this... Read more.
Parents often come to us asking how they can protect an inheritance they want to give to a child who has a shaky marriage. A trust can provide protection if it is properly crafted and implemented. It all hinges on whether the child has the ability compel a distribution from the trust.
... Read more.
A “Special Needs Trust” is a type of trust structured to supplement a disabled person’s quality of life without affecting that person’s eligibility for means tested programs such as Medicaid. A Third-Party Supplemental Needs Trust is just one subcategory of Special Needs Trusts, which I will... Read more.
When planning for the end of your life, it is only realistic to think about what would happen if you become physically or mentally incapacitated. Advance directives were created to enable you to give clear directions for what to do to ensure that your wishes are carried out if you become unable... Read more.
If a loved one has recently been diagnosed with dementia or another cognitive abnormality, it may not be too late for them to create a will. However, there are some potential problems with creating a will after a diagnosis of Alzheimer’s or dementia. Signing a will now, even after diagnosis,... Read more.
If you want legal and financial protection from a greedy or meddling relative, a voluntary conservatorship can put the court between that relative and your property. To get the protection in Connecticut, you file a Petition for Voluntary Representation in the Probate Court where you live. The... Read more.
On February 10th of this year the Connecticut Banking Commission introduced a bill to the Connecticut Legislature entitled An Act Concerning the Protections of Elderly Persons from Actual or Suspected Financial Abuse.
What does this Bill say? Subsection (b) of... Read more.
While the vast majority of Wills pass through probate without problems, it is hard to predict whether a family member will challenge your Will upon your death. Any “interested party” - anyone who could potentially gain or lose something if the will is carried out as written - can contest a Will... Read more.
A diagnosis of Alzheimer’s Disease can send you and your caregivers reeling. Not only are there many things to learn about the disease and the many services you may need but you will have financial concerns to address. As soon as you can, focus on gathering information and weighing your options... Read more.