Blog
Trusts enable you to grow assets and provide income for your family. Some trusts provide income to one person for life, with the principal ultimately passing to the next generation. The principal of a trust can consist of stocks, bonds, real estate and other investments which are hopefully... Read more.
Jun 4, 2018
The Tax Cuts and Jobs Act passed by Congress and signed by President Trump on December 22, 2017 (“the Act”) contains many new federal tax provisions. In this article, I explain how the new tax laws affect seniors and individuals with special needs.
How Does the New Tax Law Affect ABLE... Read more.
May 17, 2018
A Qualified Longevity Annuity Contract (QLAC) provides an alternative investment option for retirement plans like 401(k)s, 403(b)s or IRAs. Most retirement plans require minimum distributions every year once you turn 70½. With QLACs, however, you don’t have to start taking distributions until... Read more.
Mar 15, 2018
It will take months for tax lawyers, accountants and financial advisors to digest the voluminous Tax Cuts and Jobs Act passed by Congress and signed by President Trump on December 22, 2017. At Cipparone & Zaccaro, PC, our attorneys have been digesting the new tax law. Here are some key... Read more.
Feb 6, 2018
Governor Malloy created the Connecticut State Department on Aging in 2013. It consisted of two parts: (1) The State Unit on Aging; and (2) The Long Term Care Ombudsman Program. The State Unit on Aging administers several programs for older Connecticut residents such as in-home services, home-... Read more.
Jan 19, 2018
At Cipparone & Zaccaro, we regularly receive a call from a child who wants to assist his or her parent with an estate plan. Often, the child schedules an appointment for us to meet with the parent or the child brings the parent to our law office.
In the first meeting, we must... Read more.
Jan 16, 2018
THIS ARTICLE HAS BEEN SUPERCEDED BY: Update on the Connecticut Estate Tax Exemption
The new Connecticut state budget, signed by Governor Malloy on October 31, 2017, increased the individual exemption for Connecticut estate and gift taxes over the next three years. In 2017, the exemption... Read more.
Dec 13, 2017
Many nursing homes will draft a power of attorney for their residents. Doing so is often framed as saving money. However, if a power of attorney is done without an examination of the circumstances, it can cost many times more money than it saves.
A recent publication of the National... Read more.
Oct 31, 2017
The phone rings at home and the conversation begins with an innocent,
"Hi, Grandpa."
"Who's this?" the senior asks.
"Don't you recognize my voice? It's Michael. I'm in Boston." (All names have been changed to protect the victims.)
The caller was a young male, but... Read more.
Oct 5, 2017
Recently, in a case that was litigated before the New York Court of Appeals, that Court ruled that terminally ill patients do not have the right to seek life-ending drugs from doctors. The case was initiated by three people with terminal illnesses who argued that New York’s ban on physician-... Read more.
Sep 20, 2017
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