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13 Feb 2019, 8:43 am
Finally, the state will postpone collection of its estate recovery claim until: the death of any surviving spouse; the death of any child who is blind or totally and permanently disabled; the date any surviving child turns 21 years of age; or the date when a sibling of the recipient (who also has an equity interest in the property and has been living in the property for at least one year prior to the death of the recipient) dies, vacates the property, or transfers the… [read post]
4 Jan 2016, 12:18 pm
This means that is your responsibility to diligently search for any readily ascertainable creditors.Other duties/ Executor to DoBring Will to Surrogate Apply to Federal Tax ID #Set up Estate Account at bank (pay all bills from estate account)Pay BillsNotice of Probate to Beneficiaries (Attorney can handle)If charity, notice to Atty General (Attorney can handle)File notice of Probate with Surrogate (Attorney can handle)File first Federal and State Income Tax Return… [read post]
9 Dec 2021, 12:01 pm
Continue reading The post When the Child Becomes the Parent: 5 Tips to Ease the Transition appeared first on Connecticut Estate Planning Attorneys Blog. [read post]
6 Aug 2012, 1:48 pm
If there is a spouse and one child, they each get half. [read post]
15 Mar 2013, 11:00 am
As Forbes points out, “currently, a parent can sell shares of the family-owned business to the child for a fixed long term interest rate as low as 2.52%, and not incur a gift tax because of the loan rate. [read post]
1 Jul 2015, 4:00 am
Among the many complications that followed was the appearance of a love child who claimed to be an heir of the estate. [read post]
13 May 2022, 8:18 am
A few situations that necessitate reviewing your estate plans include when you buy new property, have a child, get divorced, or when you have an increase or decrease in assets. [read post]
13 Jan 2009, 2:05 pm
Therefore, the parents of a special needs child should typically have the following five estate planning documents prepared: (1) Last will and testament [read post]
22 Jul 2021, 8:15 am
Continue reading → The post Rhode Island Supreme Court Enforces Agreement Requiring Father to Pay for College Expenses of Adult Child appeared first on Rhode Island Real Estate Lawyer Blog. [read post]
16 Jul 2020, 8:22 am
But what happens if the biological parents of your adopted child pass–can your child receive an inheritance from them? [read post]
15 Apr 2011, 1:58 pm
In Estate of Domonique Daquan Wheeler v Central Michigan Inns, Inc, No 296511, the Court of Appeals held that claim for ordinary negligence, rather than premises liability, does not place upon a defendant a duty to supervise a child if the child’s parent was present and the defendant does not voluntarily assume responsibility for supervising the child. [read post]
1 Dec 2022, 7:15 am
Family structure changes - If you had a child, got married or divorced, became estranged from someone, or had a close family member who would have been a beneficiary pass away, your estate plans should reflect the change. [read post]
2 Apr 2020, 11:08 am
Have you taken steps to care for a special needs loved one, such as a child? [read post]
7 Apr 2021, 12:50 pm
Remember, if there are children from previous marriages like in Samatha and Ryan’s case, there will be the question of the child’s right to the estate of their biological parent, what happens if the new spouse adopts the child–all of these factors come into play and depending on the external familial circumstances, it can become complicated quickly. [read post]
15 Sep 2015, 8:51 am
Saving for the cost of your child’s or grandchild’s college education can be intimidating. [read post]
23 Jan 2011, 7:41 pm
When to include a special needs trust If you have a disabled or mentally ill child or beneficiary, your estate plan should include a special needs trust. [read post]
8 Sep 2022, 7:29 am
If there is no spouse and the child of the decedent dies before the decedent, the grandchildren step into the place of the child and will inherit that child’s share, if there is no Will. [read post]
4 Jun 2015, 8:28 pm
In addition to regular updates, your estate plan may need to be updated when something prompts the update, including, but not limited to, the following life events: Birth and death – the birth of a child, grandchild, or other beneficiary will often prompt the need to change an estate plan as will the death of a beneficiary. [read post]
13 Apr 2011, 10:14 am
Law Lessons from In The Matter of the Estate of REGINA MAPES, ESX-CP-0160-10, Walter Koprowski, Jr., J.S.C., April 12, 2011: N.J.S.A. [read post]
11 Sep 2017, 12:40 pm
To that end, one of the most important aspects of a child’s well-being is their education and a college savings plan – typically known as a 529 plan – can be an integral part of financing higher education opportunities, which makes it an important part of your estate planning considerations, too. [read post]
