Irene C. Olszewski, Esq. | April 25, 2012
By simple definition, a Testamentary Trust is a Trust created within and as part of a person’s Last Will and Testament (Will). This type of Trust differs from Living Trusts in significant ways and I will not be addressing those differences in this post. Instead, I will focus solely on the Testamentary Trust.
When your lawyer [...]
Category: Estate Planning, Last Wills and Testament |
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Tags: Estate Planning, Last Will and Testament, Testamentary Trust
Irene C. Olszewski, Esq. | April 23, 2012
We all hate to think about the inevitable but let’s face it folks, one day we are all going to die. That said, it’s important to consider how your loved ones will have to manage the cost of your final arrangements. Many people plan for those final costs with life insurance. While that might work [...]
Category: Estate Planning |
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Tags: Medicare, Prepaid Funeral Contract, Title XIX
Irene C. Olszewski, Esq. | April 12, 2012
When a Connecticut resident dies, his or her estate is handled by the Probate Courts in the town in which that person lived at the time of death. There is often confusion about what property is considered part of the Probate estate. In simple terms, the following property is included:
1. Real Property owned solely by [...]
Category: Estate Planning, Probate |
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Tags: Decedent's Estates, Probate Property
Irene C. Olszewski, Esq. | April 9, 2012
A few weeks ago, I overheard a conversation between two guys who appeared to be in their early forties.
“Since my father retired,” the first guy said, “my parents are spending money like water.”
“I know what you mean,” said the second guy, “mine are doing the same thing.”
“They just bought a huge RV bus that cost [...]
Category: Estate Planning, Last Wills and Testament |
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Tags: Inheritance, Last Will and Testament
Irene C. Olszewski, Esq. | March 19, 2012
Divorce can be a trying and emotional experience. In the aftermath, it’s important to re-group and put your house in order, so to speak. While recent divorced people are busy trying to start life over as a single person, there are many things they have to remember to do. Revising their estate plans should be [...]
Category: Divorce, Estate Planning, Last Wills and Testament, Power of Attorney |
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Tags: Divorce, Estate Planning, Last Will and Testament, Power of Attorney
Irene C. Olszewski, Esq. | December 15, 2011
Whether we like it or not, we are all going to meet our demise one day. I’m not particularly looking forward to it, mind you — but I know that I have to think about it in practical terms because it will most certainly affect those I leave behind. The emotional component aside, when I [...]
Category: Estate Planning, Last Wills and Testament |
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Tags: Estate Planning, Last Will and Testament, Passwords, PIN numbers
Irene C. Olszewski, Esq. | October 18, 2011
Here’s a post that should appeal to sports fans and probate estate fans alike. (Sorry, I couldn’t resist). I happened open upon this post written by my colleagues, Andy & Danielle Mayoras on The Probate Lawyer Blog. I thought it was worth passing along tonight. Enjoy!
Read:
Will Estate Taxes Force Al Davis’ Family to Sell [...]
Category: Estate Planning |
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Tags: Estate Plans, Oakland Raiders
Irene C. Olszewski, Esq. | January 24, 2011
72-year old Etta James, the famed jazz singer most known for the classic, At Last, was diagnosed with advanced dementia and leukemia. She is in need of total care and is unable to sign her own name. Her husband of 41 years, Artis Mills has asked the court to add his name to her sole [...]
Category: Advance Directives, Estate Planning, Last Wills and Testament, Power of Attorney, Probate |
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Tags: Advance Directives, Dementia, Etta James, Last Will and Testament, Leukemia, Living Will, Power of Attorney
Irene C. Olszewski, Esq. | August 27, 2010
I was in Maine to attend the wedding of a friend last weekend (a trip I enjoyed immensely, in case you were wondering). At a gathering on the eve before the ceremony, a few of us were engaged in conversation with the groom-to-be. After telling us about his job and future plans, he [...]
Category: Advance Directives, Estate Planning, Healthcare Documents, Power of Attorney, Probate |
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Tags: Advance Directives, CT Age of Majority, Last Will and Testament, Living Will, Power of Attorney, Terri Schiavo
Irene C. Olszewski, Esq. | April 21, 2010
“In this world nothing can be said to be certain, except death and taxes.” — Benjamin Franklin
I find it interesting that people are diligent about obtaining life insurance policies to assist their loved ones financially after they die but so many put off preparing a Last Will and Testament. I’ve actually heard [...]
Category: Estate Planning, Last Wills and Testament |
1 Comment »
Tags: Benjamin Franklin, Black Cat, Holographic Will, Last Will and Testament