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Wills, Trusts and Estates

A blog by Steve Basche, partner at the firm of Brown, Paindiris & Scott, LLP

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Should you “park” your vehicle in a living trust?

  • Posted onJune 4, 2020June 4, 2020
  • Estate Planning

Using a revocable trust — sometimes referred to as a “living trust” — is a common estate planning strategy to manage assets during life and to avoid probate at death. For the trust to be effective, you must “fund” it, meaning transferring ownership of your…

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Ducks In a Row?

  • Posted onApril 8, 2020April 28, 2020
  • Estate Planning

Covid-19 Update I understand the last few days and weeks have probably caused you some anxiety not just about the volatile financial markets, but also – maybe primarily- about your health and the health of those you love and care about. I’m an estate planning lawyer…

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Sudden impact: When a spouse unexpectedly dies

  • Posted onApril 1, 2020April 8, 2020
  • Estate Planning

What if the unthinkable happens and your spouse dies unexpectedly? Would you be prepared to cope emotionally and financially? As the surviving spouse, you’ll face several tasks and challenges. First steps first By no means complete, the following are areas that will need to be…

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Unleash the power of a durable power of attorney

  • Posted onMarch 24, 2020April 8, 2020
  • Estate Planning

Estate planning typically focuses on what happens to your children and your assets when you die. But it’s just as important to have a plan for making critical financial and medical decisions if you’re unable to do so yourself. A crucial component of this plan…

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Don’t forget this critical part of your estate plan.

  • Posted onMarch 8, 2020April 8, 2020
  • Estate Planning

Have you coordinated your payable-on-death accounts with your estate plan? Payable-on-death (POD) or Transfer-on-death (TOD) accounts provide a quick, simple and inexpensive way to transfer assets outside of probate. They can be used for bank accounts, certificates of deposit or even brokerage accounts. Setting one…

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Time passages: Estate planning through the years

  • Posted onFebruary 23, 2020April 8, 2020
  • Uncategorized

Virtually everyone needs an estate plan, but it isn’t a one-size-fits-all proposition. Even though each person’s situation is unique, we do have general guidelines depending on your current stage of life. The early years If you’ve recently embarked on a career, gotten married or both,…

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What’s the difference between the two types of power of attorney?

  • Posted onSeptember 16, 2019April 8, 2020
  • Uncategorized

When drafting your estate plan, you and your attorney must account for what happens to your children and your assets after you die. But your plan must also spell out your wishes for making financial and medical decisions if you’re unable to make those decisions…

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Why you need to review your estate plan after divorce. Another reminder.

  • Posted onAugust 3, 2019April 8, 2020
  • Uncategorized

If you’re divorcing, it’s important to review your estate plan as early as possible, for two reasons: First, you may wish to revise your plan immediately to prevent your spouse from inheriting or gaining control over your assets if you die or become incapacitated before…

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Asset Protection for your Heirs: add spendthrift language to safeguard assets

  • Posted onJuly 23, 2019April 8, 2020
  • Uncategorized

Protecting assets from your creditors is often a critical aspect of estate planning, but you need to think about more than just your own creditors: You also need to consider your heirs’ creditors. Adding spendthrift language to a trust benefiting your heirs can help safeguard…

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Choose wisely grasshopper

  • Posted onJune 3, 2019April 8, 2020
  • Estate Planning

Choosing the right executor — sometimes known as a “personal representative” — is critical to the smooth administration of an estate. Yet many people treat this decision as an afterthought. Given an executor’s many responsibilities and complex tasks, it pays to put some thought into…

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About

Attorney Steve Basche is a partner in the firm of  Brown, Paindiris, & Scott, LLP, with offices in Glastonbury, Hartford and Farmington Valley (Avon), Connecticut.

Want to chat with Steve?  Click here to find a time that works.

 

Recent Posts

  • The toughest decision in estate planning: naming a guardian for your minor children.
  • Getting sentimental over your tangible personal property
  • Are you holding a joint title to property with a family member or friend?
  • Time passages: Estate planning through the years.
  • What’s the difference between the two types of power of attorney?

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Direct Dial 860-368-0414
email: [email protected]

Glastonbury Office:
36 School Street,
Glastonbury, CT 06033

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100 Pearl Street, Hartford, CT 06103

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Office Green Suites of 20 Tower Lane
Avon, CT 06001

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Located in Glastonbury and Simsbury, we also serve clients in Manchester, Bolton, South Windsor, East Hartford, Glastonbury, Vernon Rockville, East Glastonbury, Enfield East Windsor, Ellington, Hartford, Andover, South Glastonbury, Middletown, Portland, Hebron, Wethersfield, East Windsor, Avon, Farmington, Simsbury, Granby, Windsor Locks, Suffield, Tolland County, Hartford County and West Hartford.
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