Estate planning is not just for millionaires. You may not think you have an estate, let alone any need for a plan, but if you have children, if you have things of value, if you own a home, you need an estate plan. An estate plan ensures that you decide who gets your hard earned assets, whatever their size or value-- not the government. Without an estate plan, your wealth, your estate will pass according to the state intestacy statute. Don't you want to decide to whom and when your assets should be distributed and not a probate court?
Estate is planning how you direct to whom your property will be distributed and who will care for your minor children. Estate planning helps reduce tax liabilities, court costs, and attorneys' fees, and can minimize disputes after your death the loss of family members. We can also design your estate plan to deal with your possible future mental or physical incapacity, either through a trust or a durable power of attorney.
In addition, we can guide you through many situations that come up in everyday life that have a legal angle. Whether you are buying or selling a home, starting, buying or selling a business, switching jobs and need a severance or non-compete agreement reviewed, dealing with a minor criminal mater or have been injured in a car accident, you should have a lawyer you can turn to for advice. If we don't have the expertise to help you, we will find someone who does. The bottom line is that we want to be your lawyer.
You have a family doctor (now they call them primary care physicians); you should have a family lawyer. If you want the benefit of a lawyer with a combination of 34 years of far reaching experience, offering values-based, parent-centered estate planning, and a passion for helping clients, call or email Steve today.
- University of Connecticut School of Law
- J.D
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- Partner
- BPS Lawyers
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- Hassett & Geoge, PC
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- Law Offices of Steven M. Basche, LLC
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- Jacobs, Walker, Rice & Basche, LLC
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- Schatz & Schatz, Ribicoff & Kotkin
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- Q. Momjust passed,CT. Assets under 12,000 Do i have to file a PC-207 to get medicalrecs for a possibl wrongful death claim?
- A: Yes, that would be the way to go.
- Q. MY MOM IS DUE TO GET A LARGE INHERITANCE CHECK. IF SHE PASSES AWAY BEFORE SHE RECEIVES IT DOES IT GO TO SISTER OR ME
- A: Probably. Assuming the person from whom your mother will inherit has already died, and it is just a matter of administering the estate of that person, if your mother's will says that her estate goes to you, the money she will inherit will be part of your mother's estate and will pass to you. If she doesn't have a will and is not married and has no other children, the money will go to you under the CT intestacy statute. But if your mother's will says her estate goes to someone else, the inheritance money will go to that person.
- Q. Does a life insurance policy have to be listed in probate?
- A: Not strictly speaking. Life insurance passes outside of probate. That said, the proceeds will probably need to be listed on the estate tax return. The proceeds may be included in your great uncle's estate, but unless the total is over 9.1 million (for 2022), no estate tax will be owed.
Law Offices of Steven Basche