Chipman Mazzucco Emerson Estate Planning and Elder Law

Only for New York and Connecticut Residents

In honor of Mother’s Day and Father’s Day, Chipman Mazzucco offers this too good to be true opportunity to new parents who have had Wills on their minds but have not yet done anything about it.

You may qualify for a Last Will and Testament without charge if: (1) You are a new parent and your life is still relatively simple; (2) You are a resident of Connecticut or New York and your estate is less than $1,000,000; (3) You contact us between May 12 (Mother’s Day) and June 16 (Father’s Day); and (4) You can meet at our offices in Danbury, Connecticut, so that we can properly supervise the signing of your documents.

If you qualify, your Power of Attorney, Health Care Instructions (including “Living Will”) with Appointment of Health Care Representative, and Designation of Conservator also will be included without charge.

Helpful Screencast. Your Will, and related planning, are too important for you to attempt without an understanding of some essential basic information. We therefore ask you to watch our seminar on YouTube entitled “Basic Estate Planning after ATRA” (the American Taxpayer Relief Act).

Is your situation simple enough to qualify?

To give us the information we need to prepare your Will properly, and to find out if you qualify for our Wills Without Charge program, please complete our estate planning client questionnaire. You can find it here: Estate Planning Information Form.

If you satisfy the conditions described above, there is a very good chance that you will qualify for our Wills Without Charge opportunity.  If you are concerned about any of the issues listed below, however, your planning may require special attention which is not part of the program.

Speical Concerns:

(1) Special problems plague your beneficiaries such as creditor problems; divorces and troubled marriages; poor judgment; gambling habits; drug dependence; health problems; special needs; and trouble handling financial affairs.

(2) You are interested in planning for long term care, whether at home or in a nursing home, for yourself, your spouse or other beneficiary.

(3) Your primary beneficiary is your current spouse and you want to provide for the children of a previous marriage.

(4) You own a business which will require management if it is to provide appropriately for your beneficiaries after your death.

(5) You are concerned about the management of your assets for you and your family in the event of your incapacity and you want to consider a revocable trust.

(6) You want to disinherit an undeserving relative or you would like to include provisions in your planning documents that your survivors might consider controversial.

(7) You have difficult-to-manage assets (for example, a closely held business, rental properties, collections of art, antiques and other creative works, weapons, etc.).

(8) You are concerned that your surviving spouse’s remarriage after your death will result in a diversion of your assets away from your children or other intended beneficiaries.

(9) Your estate for estate tax purposes is larger than $1,000,000.  You may be wealthier (for estate tax purposes) than you think you are. To determine the size of your estate, start by counting everything that will pass to others at the time of your death: home, retirement accounts, annuities, IRAs, life insurance, bank accounts, stocks and bonds—everything. Is it over $1,000,000?

(10) Your estate is increasing and there is a strong possibility that, as a result of your efforts, luck, inflation, additional life insurance, or a combination of such factors, you will join the ranks of the “wealthy”. In that case, it may be important for your documents to include all the existing tools for effective “post mortem” tax planning. See: It’s Not Too Late (Fixing Your Estate Plan After Your Death).

(11) You want to provide for your grandchildren by bypassing your children to some extent.

(12) Although disadvantages of probate are often overstated, you nevertheless wish to arrange your affairs to avoid probate.

Other unique facts may require unique (and perhaps not simple) solutions.

If you believe you may qualify, contact us: Richard S. Land (rsl@danburylaw.com); Kasey S. Galner (ksg@danburylaw.com); or Lynn D’Ostilio (lsd@danburylaw.com). Or, call us at 203-744-1929.

For a PDF announcement go here: Wills Without Charge in Honor of Mother’s Day and Father’s Day.

 Posted on 5/1/2013 by Richard S. Land, Member, Chipman, Mazzucco, Land & Pennarola, LLC.

Notice: To comply with U.S. Treasury Department rules and regulations, we inform you that any U.S. federal tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction, tax strategy or other activity.

We frequently post articles relating to estate planning, estate settlement and elder law issues to this blog. We also post notices about our client seminars here. When we do, we send out notices to clients and friends of the firm. If you would like to get our notices, please join our mailing list by clicking below.

This entry was posted on May 2, 2013 at 1:20 am and is filed under Estate Tax and Estate Planning Developments, General Information and Announcements About CME. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: estate planning, wills