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August 19, 2015Virtus LawNo CommentsCategories: Articles

Skyrocketing Probate Fees – Another Reason to Avoid Probate Court

As of July 1, 2015, Connecticut probate courts earned the dubious distinction of charging the highest probate fees in the U.S.  Amazingly, the Connecticut legislature voted to completely cut general ...

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August 19, 2015Virtus LawNo CommentsCategories: Articles

What You Need to Know About the Final Estate Tax Portability Rules

Recently the IRS issued the final rules governing the “portability election” as it relates to the federal estate tax exemption.  Married couples need to understand how these final rules may affec...

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August 7, 2015Virtus LawNo CommentsCategories: Articles

Financial Firms Roll Out Form Aimed at Stopping Financial Elder Abuse

With cases of financial exploitation of the elderly on the rise, advisors who work with older clients are looking for ways to head off the abuse before it happens.  Enter the “Emergency Contact Aut...

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August 7, 2015Virtus LawNo CommentsCategories: Articles

5 Reasons Why Uncle Bill May Not Make a Good Trustee

If you have created a dynasty trust that you intend to last for decades into the future, choosing the right trustee is critical to the trust’s longevity and ultimate success. Initially you may think...

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July 21, 2015Virtus LawNo CommentsCategories: Articles

IRS Announcement: Estate Tax Closing Letters Will Now Only Be Issued Upon Request

Due to the increased volume of federal estate tax return filings in order to make the “portability election,” the IRS has announced that estate tax closing letters will only be issued upon request...

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July 9, 2015Virtus LawNo CommentsCategories: Articles

What Documents Do You Need to Find After a Loved One Dies?

After a loved one dies, you need to gather the important documents that are necessary to settle their final affairs.  While the documents required will vary depending on what your loved one owned and...

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July 9, 2015Virtus LawNo CommentsCategories: Articles

5 Most Expensive States for Retirees in 2015

While there are many factors to consider when choosing the place where you will retire, the ones that will impact your wallet may be the most important. Why?  Because having a low crime rate and be...

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July 9, 2015Virtus LawNo CommentsCategories: Articles

The Shocking Truth About Asset Protection Planning

Some view asset protection planning with a skeptical eye. They believe there is a moral obligation to pay one’s debts. They think that asset protection planning is immoral because it prevents a cred...

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May 19, 2015Virtus LawNo CommentsCategories: Articles

Four Steps to Stop Mail Addressed to a Deceased Person

One of the first things you should do as a newly appointed executor of a deceased person’s probate estate or successor trustee of a deceased trustmaker’s trust is ask the post office to forward th...

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May 19, 2015Virtus LawNo CommentsCategories: Articles, Estate Planning

Where is the Best Place to Store Your Original Estate Planning Documents?

Estate planning attorneys are often asked where original estate planning documents – wills, trusts, powers of attorney, and healthcare directives – should be stored for safekeeping.  While there...

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