A Power of Attorney is an important legal document that a person can use to appoint others to manage his or her personal affairs if he or she is unavailable or unable to act. Connecticut’s Power of Attorney laws are changing effective October 1, 2016, and we want to help our clients to be informed and prepared for these changes. Most importantly, don’t panic if you have executed a Power of Attorne
Donor Advised Funds are becoming the vehicle of choice for people who want to create their own fund for charitable giving. In this article recently published in the Connecticut Bar Association’s Estates & Probate Newsletter, our partner, Rob Godzeno, discusses some of the reasons for the increasing popularity of Donor Advised Funds and ways people can benefit from using them as part of
I’m proud that my article examining Connecticut’s odd rules for taxing trusts was published last year by the Connecticut Bar Association’s Estates and Probate Section newsletter, and I thank them for allowing me to re-post the article here. The bad news about Connecticut’s income tax laws for trusts is that they can have very unfair consequences that depend on seemingly ins
We’re often asked “Do I need a will?” or “How often should I review and update my will?” As with many questions in the law, the answers to these questions are not the same for everyone. For each person, the answer depends on a cost-benefit analysis. There is a cost, in terms of effort, time and money, to make a will for the first time or to review and update an existing will. The potential benefit
Life insurance can help meet a number of estate planning goals, including replacing income needed to support a surviving spouse and children, providing liquidity to pay estate taxes and other liabilities when cash is tight, and helping you save and invest in a tax-efficient manner. But the best-written and administered life insurance policy is only a part of a good plan. If you stopped there, you’
We know many people struggle to find time and energy to spend on estate planning, but we hope that doesn’t cause you to overlook the importance of having a good plan in place. Because it involves thinking about what will happen to us and our assets if we are incapacitated during life and/or what will happen to our assets when we die, estate planning forces us to acknowledge and confront our mortal
Everyone at Mead, Bromley and Bishop is proud of the firm's long history of serving clients from the greater Stamford area, and we look forward to a long future carrying on that legacy.
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Mead, Bromley & Bishop
41 Bank Street, Stamford, CT 06901
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