Welcome to Chipman Mazzucco Emerson’s Estate Planning and Elder Law Blog

Updated on December 9, 2018, and published by Chipman Mazzucco Emerson LLC, Attorneys at Law, Danbury, Connecticut.

Video Posted: Maximizing Pass-Through Income Deductions by Aggregating Pass Through Businesses

For details, see our blog post here: Video Posted.

We recently posted our third video covering the Tax Cuts and Jobs Act provisions that provide a 20% deduction for “pass through income.”

The video, posted on December 8, 2018, is the first section of Part 3.  It covers planning that will maximize deductions by aggregating tax attributes of separate trades or businesses.  The aggregation rules were described in detail in proposed regulations that were issued on August 8, 2018.

In the not-too-distant future, we will be adding more sections to Part 3. Part 3 is devoted to planning that will maximize Pass-Through Income deductions.

Part 1 and Part 2 were posted on April 28, 2018.  For details click here: Part 1 and Part 2 Details.

Chipman Mazzucco Announces New Partners, Firm Name and New Location

Effective October 23, 2018, four luminaries of the Danbury, Connecticut, bar have joined us to form a new law firm that will go by Chipman Mazzucco Emerson LLC.  In addition, we have added a new Southbury, Connecticut, office.  For details, click here: Meet Dick Emerson, Tom Rickart, Jim Flaherty and Frank Scinto.

shutterstock_189423563Dick Emerson and Jim Flaherty join our Estate Planning and Probate group.  Tom Rickart will continue his focus on commercial real estate and Frank Scinto will focus on litigation, zoning and land use.

Chipman Mazzucco Emerson LLC now has 11 lawyers engaged in four principal practice areas: business law; civil litigation; commercial real estate and land use; and estate planning, estate administration, and elder law.

 

Chipman Mazzucco Has Moved

As of April 12, 2018, Chipman Mazzucco has a new home at 44 Old Ridgebury Road, Danbury, Connecticut.

 

 

 

Good News about Connecticut Estate Taxes (Avoid Accidental Disinheritance of Surviving Spouse)

Governor Malloy recently signed a new state budget into law, including significant changes to the Connecticut estate tax exemption that will phase in over the next three years.

The current exemption of $2 million will be increased to $2.6 million in 2018; $3.6 million in 2019; and will be set to match the federal estate tax exemption (currently $5.49 million) in 2020 (after Connecticut made the change to its exemption, the federal exemption was increased to $11,000,000; how Connecticut will react is unclear).  While this is good news for those who are worried about estate taxes at death, it could also cause unintended consequences for those with a particular kind of estate plan designed to avoid or minimize estate taxes. Read more….

Video of October 5, 2017, Seminar Posted to YouTube

On November 19, 2017, we posted to YouTube the video of our annual fall estate planning seminar (held on October 5, 2017).

Topic: Senior Autonomy: A Guide for Families as Roles are Reversed

Including: How to Make Certain Your Estate Plan Works as Everything Else Changes

You can see the videos here: Video of October 5, 2017, Seminar Posted to YouTube.

 

Review of LegalZoom’s Estate Planning Document Preparation Service

LegalZoom advertises legal services heavily on television, radio and online.  In light of its visibility, Richard S. Land reviewed its Estate Planning document preparation service.   

How does he rate LegalZoom’s Estate Planning document preparation service?  Excellent?   Good?   Fair?   Poor?

You can see the video review here: Legal Zoom Review.

In Part 1 of this review, Richard takes you through the LegalZoom estate planning experience from login to the end of the online interview.  Not only will you learn a lot about the LegalZoom process, you will learn a lot about basic estate planning.

Part 2, including an analysis of the documents which resulted from the LegalZoom online interview, was posted on November 5, 2016.  

Chipman Mazzucco Offers Complimentary Estate Plan Review

We recently updated our review service to take New York estate tax changes into account.

Answer a series of online thought-provoking questions about your circumstances and objectives and receive a personalized report.  We are providing this service without charge to encourage you to reflect on your estate plan from time to time.

To register and participate in the Review, click on this link: Chipman Mazzucco Online Estate Plan Review.

For a short demonstration (4.5 minutes), click on the video below.  We hope this helps you keep your estate plan current.

To see the Online Review video, go here: Online Review Video.

Chipman Mazzucco Announcements

Chipman Mazzucco Emerson’s Library of YouTube Videos:  We have posted a number of informative videos on YouTube.  Access them by clicking on the links below:

Basic Estate Planning (15 parts; 10 to 15 minutes each)

Estate Settlement and Trust Administration (6 parts; 10 to 15 minutes each)

Trusts and Trust Administration (3 parts; 10 to 15 minutes each)

Long Term Care Issues and Medicaid (4 parts; 8 to 15 minutes each)

Pass Through Deductions and Other Tax Cuts and Jobs Act Subjects (3 parts; 16 to 34 minutes each)

About Chipman Mazzucco Emerson and this Blog

Check out our archives for related articles on trusts and estates and elder law.  We will be posting more articles so stay tuned.

CME attorneys who devote their practices to estate planning, elder law, and estate settlement are:  Richard S. Land, Alyson R. Marcucio, James J. Flaherty, Jr., and Elizabeth J. Hartery.  Click on their names for more information about them.

For more information about our firm go here:  CME Web Site.

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