Essential Documents for your Estate Plan

The Covid-19 pandemic undoubtedly has you on edge. We have all been forced to face our fears in some way, whether it’s the fear of falling ill, losing a job, having to spend time alone or losing a loved one. … Continued

Nursing homes swindling residents out of their coronavirus stimulus checks, FTC warns

The Federal Trade Commission has warned that nursing homes in Iowa, as well as other states, have been coercing residents on Medicaid to hand over their coronavirus stimulus checks. “We’ve been hearing that some facilities are trying to take the … Continued

How Your Stimulus Check Affects Medicaid Eligibility

The coronavirus relief bill includes a direct payment to most Americans, but this has Medicaid recipients wondering how the payment will affect them. Because the payment is not income, it should not count against a Medicaid recipient’s eligibility.  The Coronavirus … Continued

Regulators ease restrictions on homeowners in coronavirus mortgage bailout program

Federal regulators have changed rules and cleared up some confusion about limits placed on the more than 4 million borrowers in the mortgage relief program the government rolled out to contend with the coronavirus’s economic onslaught. Lending rules that were … Continued

The offices of Ericson, Scalise & Mangan are remaining open during the pandemic to support our community and clients. We offer many services including Probate Administration. When a family member dies, there are important issues the survivors must face. As … Continued

Helping Protect Seniors from Fraud and Identity Theft

Helping Protect Seniors from Fraud and Identity Theft Highlights: Senior citizens’ savings and good credit may make them more attractive to fraudsters Shame or embarrassment may prevent seniors from reporting fraud Educate the seniors in your life of the risks … Continued

PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION

Get the information directly from the Department of Treasury regarding the PPP. https://home.treasury.gov/system/files/136/PPP–Fact-Sheet.pdf

Mortgage Relief under the CARE Act

Please review this short video which discussing forbearance options under the CARE Act.

As a contribution to our community during this challenging and unprecedented time, the attorneys at Ericson, Scalise & Mangan, P.C., are offering to prepare Advanced Directives (commonly referred to as “Living Will”) for no charge to residents of Connecticut. Based … Continued

Legal Services are considered Essential Services by Governor Lamont’s executive order.  ESM is open to assist you in these difficult times. We are allowing our staff to work remotely; we are handling most appointments remotely. We can help you from … Continued

Why New Parents Need an Estate Plan

Becoming a new parent is a life changing experience and caring for a child is an awesome responsibility as well as a joy. This is also the time to think about your child’s future by asking an important question: who … Continued

Passage of SECURE Act

The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, which originally passed the House in July, was approved by the Senate and signed into law in December 2019. The legislation, designed to … Continued

Thoughts from the 54th Heckerling Institute on Estate Planning:

The passage of the SECURE Act will require all to review beneficiary designations for retirement accounts, especially if you are using a trust. Is it time to consider a Charitable Remainder Trust as beneficiary of your IRA? How about a … Continued

Guidance on Grandparent Gifting

Grandparents are regularly generous with grandchildren, sometimes giving significant amounts of money. With the holidays approaching, gifting increases. Often grandparents want to share their resources to leave a legacy. In some cases, their children or grandchildren are dealing with financial … Continued

Avoid these mistakes when setting up a trust

When setting up a revocable trust, you need to be diligent about asset transfers, beneficiary designations and funding formulas. Failure to complete certain steps can prevent the trust from acting as you intended, creating additional cost and unintended consequences for … Continued

Should you prepare a Medicaid application yourself, or get help?

A decision on whether to prepare and file a Medicaid application on your own or hire help depends on answers to these questions: How old is the applicant? How complicated is the applicant’s financial situation? Is the individual applying for … Continued

Connecticut Domestic Asset Protection Trust (DAPT)

For years clients have asked us about forming asset protection trusts. We were always forced to form them in other states or even other countries. Effective January 1, 2020, Domestic Asset Protection Trusts can be formed in Connecticut. At the … Continued

Use a lawyer for Medicaid planning

Many seniors and their families don’t use a lawyer to plan for long-term care or Medicaid, often because they’re afraid of the cost. However, an attorney can help you save money in the long run and make sure you’re getting … Continued

Lindsay Foundation Supports Basic Needs Fund, Addiction Services

We are proud of our clients! Good People doing Good Work. The Brian & Marilyn Lindsay Foundation made a grant that matters to Wheeler Clinic. See the full story: https://www.wheelerclinic.org/news/honoring-life-providing-hope

The Christine E. Moser Foundation website is live.

The Foundation was created by Christine shortly before her death to support certain organizations in her community as she did during her life. To learn more, visit the Christine E. Moser Foundation website. Christine E. Moser Foundation

Proud to support Special Olympics.

Laura has been working with therapeutic horseback riding and assisting with Special Olympics for years. Great work Laura!

5 Steps to Create a Home Inventory Checklist (By Scott Humphrey, Travelers for Insurance Associates, 74 Vine St., New Britain, CT 06052)

After a fire, burglary or another event in which you lost possessions from your home, it may be difficult to remember the details of every one of the belongings that you have accumulated over the years. In this situation, having … Continued

When Does a Roth Conversion Make Sense?

If you have money in a traditional IRA, there are several instances when it might make sense to consider a Roth conversion. That’s because a Roth conversion allows you to pay tax today, locking in what you owe Uncle Sam … Continued

Client Guide to a Recession

Bill Bonk Cell: 617-834-8668 bill@producersmail.com BBIM: Bill Bonk Insurance Marketing A Producers Choice Network Affiliate