Welcome (?) home

Many recent college graduates are moving back in with their parents.  While this has always been the case, to some extent, the economy has increased this activity.  Unemployment for 25-29 year olds is 10.6% nationwide, according to the US Bureau of Labor Statistics, and five million 25-34 year olds are now living at home with their parents (U.S. Census Bureau).

What has this to do with estate planning?  Everything. 

Planning for passing assets to your adult children changes when the children are still in the family home.  Medicaid/Title XIX planning, residence trusts, and health care authorizations are just some of the options that are effected by an at-home adult child (or, heaven forbid, children!)  Not only do the parents need to find an experienced estate planning attorney to assist them with these issues, the adult children do, too.

In short, not-so-empty-nesters have a special situation, from the point of view of estate planning, and need to have their plan reviewed completely and competently, by someone with experience.



Bookmark this page, and check in often, to keep abreast of the latest in estate law changes, as well as odd or interesting legal facts and trivia.

The Law Offices of Everett G. Sussman: 1485 James Farm Road, Stratford, CT 06614. (203) 378-4849. egsesq@optonline.net