Attorneys Who Know.
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Donating art can be an important part of estate planning, especially for those who hold significant collections. Understanding how specific rules apply can help high-income individuals make strategic decisions. What qualifies as a charitable donation? To claim a tax...
Charitable trusts serve as important instruments for those wishing to leave a legacy while benefiting society. As vehicles for substantial wealth, they present philanthropic opportunities. It is important for trustees to understand how to manage compliance to avoid...
When planning your estate, consider how to provide for loved ones with special needs. A special needs trust (SNT) helps you support a beneficiary with disabilities without affecting their eligibility for government benefits. Knowing who qualifies for a special needs...
A major goal of estate planning is to protect the assets of a creator so they can be passed effectively to beneficiaries. Creditor claims are one of the potential problems that can chip away from the value of an estate without proper estate planning. Thankfully, there...
A living trust serves as a powerful tool for managing and protecting assets. Many people also use it as a strategic way to reduce taxes. Understanding how a living trust can help with tax reduction allows individuals to make informed decisions about their financial...
Selecting the appropriate trust for your specific needs can be a complex process, given the numerous options available. Understanding the different types of trusts and their purposes can help you make an informed choice. A trust is a financial tool that protects your...
Estate planning for art collections and other valuables requires careful consideration. In Connecticut, those with substantial estates should take specific steps to ensure their prized possessions are properly managed and distributed. Inventory and valuation First,...
Managing international assets in your estate plan can be complex. If you have assets in multiple countries, careful planning ensures smooth transfers and minimizes legal hurdles. It might be helpful to know how to handle international asset transfers effectively....
Estate planning is more than just distributing your assets after your lifetime. It is an opportunity to create a lasting legacy that reflects your values and supports the causes you care about. By integrating goodwill into your estate plan, you can make a meaningful...
For some people, leaving a legacy is synonymous with passing on one’s estate to heirs. This might leave those without children or close relatives wondering what will happen to their wealth. Is there a need for an estate plan if there are no heirs to receive one’s...