Tag: estates
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Soooo… What’s a Conservatorship?
A conservatorship is a legal arrangement in which one person or organization is appointed to manage the financial affairs and/or daily life of another person. The conserved person must be incapable of caring for himself or his property. In Connecticut, the Probate Court has the authority to name a conservator. This article explores the type of conservatorships available in Connecticut, as well as the responsibilities of a conservator toward the conserved person.
Types of Conservatorships
There are two forms of conservatorships in Connecticut. While a conservator of the estate manages the property of a conserved person,...
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Estate Property: Probate or Non-Probate?
An estate plan is not a stack of documents. At its heart, estate planning involves arranging one’s property and affairs for use during life and disposition after death. A person’s “gross estate” generally includes two types of property: probate and non-probate. This article provides a brief overview of these two approaches to property distribution after death.
Probate property refers to assets that must pass through the Probate Court system before being distributed to heirs. A probate case begins when a person (usually a potential heir of the deceased) asks the Court to open a proceeding for the administration of a decedent’s estate. The Court will...