Legal assistance can help you meet your goals
If you have significant assets and a high income, then the chances are that you’re wondering how best to transfer your assets when the time comes. This usually occurs through an estate plan, but there’s no cookie cutter approach to these plans. In fact, in order to...
The benefits of payable on death accounts
Probate is a necessary legal process that ensures the effective and complete transfer of a decedent’s assets to beneficiaries. It can, however, be cumbersome and take time to complete. In order to avoid the delays and financial costs of probate, some Greenwich...
Protecting financial resources through a special needs trust
Many people in Connecticut will rely on public assistance benefits, such as Medicaid, to pay for their health care needs should they become disabled. However, to qualify for such benefits, a person must have few assets and a low income. To avoid impoverishing...
How can you distribute assets to your beneficiaries over time?
If you are setting up a trust, you will likely have concerns about how – and when – your beneficiaries will receive their inheritances. The value of your estate may be substantial, and you may want them to receive their shares of it over time, rather than as lump...
Legacy planning avoids financial pitfalls
Having a will may not guarantee that your wishes are carried out or that your heirs’ needs are assured. Estate planning should include asset transfer strategies, such as legacy planning, that helps future generations use your wealth wisely. Legacy planning Legacy...
What are living trusts and how can they help an estate plan?
There are a variety of different estate planning tools to help estate planners to come up with an estate plan that is best for them. A living trust is a one such estate planning tool that estate planners should understand and be familiar with. What is a living trust?...
How can an IDGT protect your assets from taxation?
If you have a great deal of wealth you may have taken various measures to protect and save your assets for your heirs through various estate planning techniques. For example, you may decide to hold your assets in a living trust for future generations. However, if you...
A simple way to reduce an estate over time
Estate planning is important for Greenwich residents for several reasons. Not only does it help individuals set forth how and to whom items of property will be distributed, but it also helps them protect the value of the property that falls into their estate. End of...
Living trusts can be beneficial to those of significant wealth
Those in the Greenwich area with significant wealth will want to ensure their assets are protected so they can be passed on to their heirs upon their death. One way to accomplish this is by executing a living trust. An overview of living trusts Living trusts are a...
Preventing Will Contests
Estate plans that involve large accounts and property often come with conflict. Estate planning is so important because it provides clear guidelines as to how the estate should be handled which can in turn prevent dispute. However, the chance of a will contest can...