Tips for Challenging Valuation of Property* Because the impact of a tax assessment can be quite expensive for property owners, challenges to the valuations of properties are quite common. In most cases, owners are free to meet with the assessor to present their cases. Owners need to keep in mind that any changes must be … Read More
CT New Laws Passed
Categories: NewsThe Connecticut General Assembly recently passed new laws to support the next generation of Connecticut residents: Gun Safety In an effort to keep guns out of the wrong hands, two new laws will require the safe storage of firearms. The American Academy of Pediatrics recently concluded that safe storage laws reduce the chance of unintentional … Read More
2019 Connecticut Legislative Update
Categories: News2019 Connecticut Legislative Update The 2019 legislative session adopted a $43 billion budget. They also passed a few important bills relating to real estate. Below is a brief summary of these bills: Senate Bill 320. An Act Concerning Real Estate Closings and Attorneys and Law Firms Preferred by Mortgage Lenders. This important piece of legislation … Read More
Joint Custody
Categories: Child CustodyJOINT CUSTODY – PARENTING RESPONSIBILITY PLAN “Joint Custody” means an order awarding legal custody of a minor child to both parents, providing for joint decision-making by the parents and shared physical custody so as to assure the child of continuing contact with both parents. There is a presumption (affecting the burden of proof) that joint … Read More
Tax Cuts & Job Act, Provision 11011 Sec 199A – Qualified Business Income Deduction – FAQs
Categories: TaxesTax Cuts and Jobs Act, Provision 11011 Section 199A – Qualified Business Income Deduction – FAQs Below are answers to some basic questions about the new 20% deduction for pass-through businesses. Also known as the §199A deduction or the deduction for Qualified Business Income (QBI), the deduction was created by the 2017 Tax Cuts and … Read More
Say Goodbye To All That Paperwork: Digital Mortgages Have Arrived
Categories: Real EstateFrom The Washington Post – January 17, 2019 Say Goodbye To All That Paperwork: Digital Mortgages Have Arrived As more lenders streamline operations, some mortgage applications can be completed entirely online. By Brenda Richardson January 17 If you’re a move-up buyer looking to purchase your second home, you might be pleasantly surprised by changes in … Read More
What is a “Dynasty Trust”
Categories: Wills Trusts EstatesWhat is a ‘Dynasty Trust’ A dynasty trust is a long-term trust created to pass wealth from generation to generation without incurring transfer taxes such as estate and gift tax. The defining characteristic of a dynasty trust is its term; it can survive for 21 years after the death of the last beneficiary who was … Read More
Relocation
Categories: Child Custody, DivorceRelocation Relocation can be one of the trickiest issues to deal with in family matters. Frequently after the parties are divorced and the issues of custody and parenting have been decided, one party has a change of circumstances which necessitates he/she move with the child(ren) to another town or another state. When this happens, it … Read More
Third Party Visitation
Categories: Child CustodyThird Party Visitation Any person may petition the Court for the right of visitation with any minor child provided a parent-like relationship exists between the Petitioner and the minor child and real and significant harm would result if visitation was denied. If the Court finds, after a hearing and by clear and convincing evidence, that … Read More
Parenting Plans
Categories: DivorceParenting Plans Whenever a matter is before the court involving the parent(s) of a minor child with respect to the care, custody, education and upbringing of the child, the parents must file a Parental Responsibility Plan (Parenting Plan). At a minimum a proposed Parenting Plan must include: A schedule of the physical residence of the … Read More