Does a Will Override Beneficiary Designations on Accounts in 2026? (Simple Answer + What to Do)
One of the most common estate planning questions John F. Davenport hears from families in Norwalk, CT and nationwide is: “Does my will override the beneficiary I named on my bank account, IRA, or life insurance?” The short, clear answer in 2026 is no — beneficiary designations almost always win over your will. John F…. View Article
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What Is Probate in 2026 and How Can I Avoid It? (Simple U.S. Guide)
Probate sounds scary — and for many families, it is. It’s the court process that happens after someone dies to validate their will, pay debts, and distribute assets. In 2026, probate can take 6 months to 2+ years, cost 3–7% of the estate in fees (sometimes more), and become public record — meaning anyone can… View Article
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Why You Need a Will in 2026 – Even If You Have a Trust
Many people approaching retirement in Norwalk, CT and across the country ask: “If I already have a revocable living trust, do I still need a will?” The short answer is yes — and here’s why it’s one of the most important (and often overlooked) pieces of your estate plan. As John F. Davenport, licensed attorney… View Article
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Presidents’ Day 2026: Estate Planning Lessons from U.S. Presidents’ Legacies
Presidents’ Day celebrates leadership and legacy—perfect timing to reflect on how America’s presidents planned (or didn’t) for their families’ futures. As John F. Davenport, licensed attorney in New York and Connecticut and founder of J. Davenport Advisors and Davenport & Associates in Norwalk, CT, often shares: thoughtful estate planning isn’t just legal paperwork—it’s leadership in… View Article
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Generational Wealth Transfer in 2026: Preparing for Gen Z Heirs and Values-Based Planning
With permanent higher federal estate tax exemptions ($15M individual/$30M couple in 2026 via OBBBA), more families focus on meaningful wealth transfer—not just dollars, but values—to the next generation. Gen Z heirs (born 1997–2012) often prioritize impact: sustainability, social good, financial literacy. Many parents/grandparents want to pass wealth thoughtfully—encouraging responsibility while supporting causes heirs care about…. View Article
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Medicaid and Asset Protection Planning in 2026: Key Strategies for Long-Term Care Concerns
Long-term care costs continue rising—2026 national averages estimate ~$119,000+ annually for a nursing home shared room (or $11,000+/month), per recent reports. Many American’s worry about depleting savings or home equity for nursing home care, potentially leaving little for spouses, kids, or grandkids. Medicaid can help cover long-term care for eligible individuals, but strict asset/income rules… View Article
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