Month: January 2015

Can I Trust My Living Trust?

The short answer is NO. What is commonly referred to as a “living trust” is a revocable trust, meaning the creator of the trust, the settler, can revoke it at any time. Irrevocable trusts certainly can avoid probate, but they also mean a substantial loss of control by the owner of the assets involved, and,

Connecticut State Law Estate Distribution Upon Death

Imagine you were on that AirAsia plane that crashed recently and you had no will. Let’s take a look at how things would go here in Connecticut, where state law–not you–dictates how your estate is divided up. The law pertaining to this is governed by Connecticut General Statutes, section 45a-437. You’ll see how differently things