Review your estate plan during tax season to take advantage of a time when your finances are already front and center. While most people focus on filing returns and meeting IRS deadlines, tax season also presents a strategic opportunity to evaluate your broader financial picture, including your estate plan. At Farrell & Grochowski, located in…
Estate planning in Connecticut is entering a period of meaningful transition. While recent tax law changes have simplified certain aspects of planning, they have also shifted the focus toward more advanced strategies involving trusts, lifetime gifting, and long-term care planning. As a result, individuals and families in Wallingford and across Connecticut must take a forward-looking…
Gifting money to children while alive is a decision that requires careful estate planning analysis. At Farrell & Grochowski in Wallingford, Connecticut, we regularly advise parents and grandparents who are weighing whether to transfer assets now or distribute them later through their estate plan. While lifetime gifting can create meaningful impact, it also requires careful…
Title 19 / Medicaid application in Connecticut is a legal process, not just paperwork – and making the wrong decision at the start can have long-term financial consequences. At Farrell & Grochowski, we regularly guide families through Medicaid (Title 19) planning and see firsthand how costly mistakes can be when applications are handled without proper…
Why you should do an estate plan in 2026 is a question more people should be asking right now. Estate planning is no longer something reserved for the wealthy or elderly, and it’s not a task that should be pushed off to “later.” With changing laws, evolving family structures, and growing digital assets, 2026 is…
Estate planning in the age of crypto, NFTs, and digital wealth has fundamentally changed how individuals protect and transfer what they own. Not long ago, estate plans focused on tangible assets such as homes, bank accounts, and retirement funds. Today, however, a growing portion of personal wealth exists entirely online. Cryptocurrencies, NFTs, digital businesses, and…