Norwich Law Blog

Seeing police lights in your rearview mirror may be a frightening experience, especially if you have consumed alcohol or drugs before getting behind the wheel. Getting pulled over by Connecticut law enforcement personnel may require you to submit to a test of your blood alcohol concentration. A police officer may arrest you without knowing your BAC if he or she witnessed you violating traffic laws.

The Connecticut Department of Motor Vehicles states that an arrest for Operating Under the Influence includes a reading of your rights. A police officer may transfer you to a police station in his or her vehicle. The police will likely arrange for a towing company to move your car to a designated location. In most cases, you will have to pay for the towing charges. Law enforcement personnel may use breath, blood and/or urine testing to determine your BAC. If the result is 0.08 or above, you could face OUI charges. You may have to wait at the police station until someone meets the bail requirements to obtain your release.

According to MarketWatch, bankruptcy filings are at the lowest point since 2007. This is great news for people in Connecticut who may worry about the odds of falling off track financially. However, even though the adds are less stacked against them, many people still find themselves in court trying to discharge their personal or business debts.

Another eye-opening fact cited by MarketWatch is that people may choose not to file for bankruptcy because they view it as an additional expense. If they can hardly afford to keep up with bills, if at all, they may not believe they can afford to file. Another disturbing finding is that older Americans are filing at alarming rates due to lower income levels but higher health care costs.

Over the past year, the media has become fixated on the fact that millennials and Generation X will soon inherit trillions of dollars from the baby boomer generation. What many of these articles fail to cover is that baby boomers themselves are still inheriting from the generation that preceded them. Regardless of the age, many people in Connecticut feel an emotional attachment to the property they inherit, especially when it comes from parents or a spouse.

According to the New York Times, those emotions are especially strong for baby boomers. Many people from this generation hang on to the property for years, unwilling to do anything with it. They may take years to sell homes and may allow a quarter of a million dollars to sit in a checking account or low-yielding treasury bonds. However, after a while, many are able to think of the property as their own and soon use it for riskier investments to earn higher yields.

Last year the media warned consumers to reconsider purchasing a home in 2019. Predictions included that higher interest rates and the increased prices of homes would make it unaffordable. Ironically, for these exact reasons, homes may actually become more affordable throughout the rest of the year.

According to CNBC, by the start of 2019 asking prices started trending downward. While they are still higher than they were a year before, sellers began to compromise. As more buyers shy away from the market for the aforementioned reasons, more sellers hoped to coax them back with more affordable prices.