Update on Recent Developments

November 16, 2006 Advisory

In August, the Pension Protection Act of 2006 was signed into law. Despite its title, a substantial portion of the Act was not about pension reform, but about charitable giving matters and the regulation of non-profits. Other miscellaneous tax law changes were also enacted. Outlined below are highlights from the Act that may affect individuals' estate and income tax planning.
As of October 1, 2006, Connecticut has new law concerning the designation of someone to make health care decisions on your behalf. Information about the new law, and general information about the principles involved in delegating authority to make health care decisions, is found starting on page 3 of this Advisory.