by Barbara M. Pizzolato, Esq. | Jan 11, 2016 | Estate and Trust Administration
Revocable living trusts are very widely utilized among people who understand some of the intricacies of estate planning. A living trust can be a better choice than a last will under many circumstances, because there is more flexibility, and there is more efficiency in...
by Barbara M. Pizzolato, Esq. | Dec 17, 2015 | Estate and Trust Administration
The process of probate can enter the picture after you pass away. There are certain types of property transfers that would be subject to this legal process, but some transfers would not be subject to probate. Let’s look at the facts. Direct Personal Possession...
by Barbara M. Pizzolato, Esq. | Oct 13, 2015 | Estate and Trust Administration
The probate process can come into play if you pass away while you are in direct personal possession of property. For example, if you maintain possession of your property up until the time of your death and you execute a will, the will would be admitted to probate...
by Barbara M. Pizzolato, Esq. | Aug 26, 2015 | Asset Protection, Estate and Trust Administration, Estate Planning, News and Current Events, Tax Planning
The IRS recently signaled that it may be ready to issue new regulations that will affect valuation discounts on family business entities by early September. What Are the Benefits of Planning With a Family Business Entity? For years, wealthy families have taken...
by Barbara M. Pizzolato, Esq. | Aug 19, 2015 | Estate and Trust Administration, Estate Planning
As of July 1, 2015, Connecticut probate courts earned the dubious distinction of charging the highest probate fees in the U.S. Amazingly, the Connecticut legislature voted to completely cut general fund support for the state’s probate courts for the next two fiscal...
by Barbara M. Pizzolato, Esq. | Aug 12, 2015 | Estate and Trust Administration, Estate Planning, Tax Planning
Recently, the IRS issued the final rules governing the “portability election” as it relates to the federal estate tax exemption. Married couples need to understand how these final rules may affect their existing estate plans, while recent widows and widowers need to...
