We all have our individually defined ‘space’ – how much we disclose about ourselves, our circumstances, our finances. But there are situations that demand total disclosure! Many of us are agents for our aging parents: parents who have kept everything ‘between themselves’ so as not to worry the children. Now you are faced with deciphering …
Elder Law
Plan Your Estate Before You Remarry
If you are getting remarried, you obviously want to celebrate, but it is also important to focus on less exciting matters like redoing your estate plan. You may have created an estate plan during your first marriage, but this time it will probably be more complicated-especially if you have children from your first marriage or more assets. The …
You May Not Need To Spend Down
Dear Attorney Tully: I am terrified. My husband and I are probably younger seniors than you see in your practice, but my husband is very sick and in a nursing home for long-term care. I’ve been told I have to spend down almost all of our savings, including my IRA, in order for him to qualify for Medicaid. Is this true? ANSWER: Not …
Remembering the Fallen
On this Memorial Day, it is appropriate to remember the ultimate sacrifices made by those who served our country. We should take time to reflect and pay honor to the fallen men and women who so nobly served. Their sacrifices changed the lives of those who loved them forever. For many veterans in Connecticut, the rising cost of assisted living …
Fear Of The Golden Years
In the movie, On Golden Pond, Connecticut’s own Katherine Hepburn protested that she was not old, but rather middle age. In response, Henry Fonda’s character said, “We are not in middle age. People do not live to be 150 years old.” Hepburn’s comment points out the fact that many people do not want to discuss death. I recently had a …
