As the New Year approaches, many individuals reflect on their lives and set resolutions aimed at self-improvement and achieving personal goals. Among the various aspirations, one often overlooked yet crucial resolution should be estate planning. Estate planning is not just for the wealthy; it is a fundamental process that everyone should consider …
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Special Needs Trust
A special needs trust (SNT) is an essential financial tool designed to benefit individuals with disabilities while preserving their eligibility for essential government benefits. The need for such a trust arises from the complexities associated with managing finances for individuals who may have significant medical, therapeutic, or personal care …
The Importance of End-of-Life Discussions
The Holiday Season is a joyous time of the year, but for many thoughts of recently departed relatives weigh heavy on their spirits. Like many of my clients, the loss of my sister Mary Beth one year ago at age 66 years is still forever present in our minds. The singer/songwriter Jack Johnson in his song, “ If I could“, notes “Down the middle drops …
Home Care
With the recent news of two Bristol Nursing Homes closing, many local seniors are concerned about their options if they end up needing long term care. One option is staying in your own home and receiving 24/7 care. In the area of paying for home care, the State of Connecticut is a national leader. For several years now, our state has been expanding …
Long-Term Care Insurance – Is It Right For You?
Long-term care insurance (LTC), unlike most health insurance plans, pays for the cost of your health when you need permanent help with activities of daily living (bathing, dressing, eating, etc). Depending on the LTC policy, covered services may include nursing home care, personal care at home, assisted living facilities and/or adult day …
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