- GuardianshipObtaining guardianship rights to continue making health, life and financial decisions for the child after their 18th birthday
- Identity TheftMany people falsely assume that their loved one’s debts will automatically be forgiven upon their passing. This, unfortunately, is not true and steps will need to be taken to address any outstanding debt still owed to creditors. Freezing the decedent’s bank account may allow more time to pay certain debts from the estate, and it is also a great way to avoid any fraudulent charges associated with identity theft. Notifying all credit cards and canceling them in writing can help you avoid this problem as well.
- Limited Liability CompaniesLimited Liability Companies are relatively new to the world of corporate entities, having been introduced in the 1970s to make a corporate structure that had the advantages of a partnership, without the drawback of twofold tax collection. Today, LLCs carry the majority of benefits that S-Corp or C-Corps offer, but without these entities’ confinements or double taxation policies. The purpose of the Limited Liability Company is to essentially compartmentalize risky assets (think: land, rental properties, watercraft, and aircraft) with safe assets held by the AMLP.
- Personal InjurySupplemental Needs Trusts: A special Needs Trust established by the disabled person's parent, grandparents, legal guardian or a Court. The Trust does not result in any Medicaid disqualification period for the beneficiary or for the Grantor. The beneficiary must be under 65 when the Trust is established. Upon the beneficiary's death any remaining assets must be used to payback Medicaid for the benefits paid out to the deceased beneficiary. These types of Trusts are usually funded with money awarded to the disabled person as a result of medical malpractice or from a personal injury award. The term "Special Needs Trust" and "Supplemental Needs Trust" are frequently used as if they were interchangeable.
- Medical Malpractice
- Medicaid PlanningNever get your advice about Medicaid from the Medicaid planning office or nursing home. They are under no obligation to tell you all of the available options to best protect your home, your assets, and your life savings. Instead talk with an elder law attorney who is familiar with the public benefits in your state and asset protection.
- Estate PlanningAt Weatherby & Associates, PC, our Estate Planning, Business Planning, Life Care Planning, and Veterans’ Benefits Planning all start with an initial consultation. Prior to the consultation we will review and analyze your completed personal information questionnaire. During the consultation, we take the time to understand your needs, goals, and desires. At the conclusion of our meeting with you, together we will be able to decide what customized planning approach is best for your situation, and what the appropriate fee will be for the legal work.
- WillsThe governing documents such as the will and trust, legal filings and official documents necessary to properly administer your loved one’s estate/trust.
- TrustsConnecticut Probate & Trust Administration Attorneys Ensuring Smooth, Accurate Transfer of Assets from One Generation to Another Distributing an estate after the death of a loved one is a delicate matter. Whether probating a will or administerin... Read More
- Power of AttorneyIf you don’t already have an estate plan, get it done. Start with a will, power of attorney, health care documents and additional planning as it applies to your situation.
- Probate
- Tax LawAdjusted basis: In income tax law, the taxpayer's basis in an asset, reduced for depreciation or depletion deductions properly allowable with respect to the asset.