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…
To protect your assets before moving to a nursing home in CT is one of the most important steps you can take to maintain financial stability during a difficult transition. When long-term care becomes necessary for you or someone you love, the emotional worry is often matched by financial stress. Nursing home costs in Connecticut…
Company formation and tax planning are two foundational steps every entrepreneur should understand before launching a business. While passion drives your idea, the right structure and tax strategy protect your assets, reduce financial risks, and set your business up for long-term success. Whether you’re starting a small consulting practice or preparing to scale a fast-growing…
Key legal considerations for property investors should always be front and center before making any major financial commitment. Real estate can be an excellent way to build long-term wealth, diversify your portfolio, and generate passive income. However, even experienced investors can face costly setbacks if they overlook important legal requirements. Because real estate is highly…
Tips for Executors Selling the Family Home are essential when you’re managing the sale of a loved one’s property. Serving as an executor comes with both emotional and legal responsibilities – especially when it involves selling the family home. From probate procedures to communicating with beneficiaries, understanding your duties helps you handle the process with…
Essential tips for first-time home buyers can make the difference between a stressful purchase and a smooth journey into homeownership. Buying your first home is a major milestone, but it can also be overwhelming. Between understanding your finances, finding the right property, and navigating legal requirements, there’s a lot to manage. At Farrell & Grochowski,…
Buying or selling probate property can be more complex than a standard real estate transaction. Whether you’re an executor managing an estate or a buyer hoping to purchase a home in probate, it’s important to understand how the process works. Probate real estate deals involve legal steps, court approvals, and unique timelines that can affect…