There is an aphorism that the only certain things in life are death and taxes. Probate court is where those two certainties of life sometimes collide. Those with substantial personal holdings may leave behind large estates when they die unless they plan carefully...
Estate taxes can diminish the value of an estate when someone dies. As a result, they have the potential to leave loved ones with less than anticipated inheritance. However, utilizing a trust can be an effective strategy to avoid or reduce estate taxes in Connecticut....
When planning for the future, considering a trust as part of your estate plan can be a wise choice for managing and protecting your assets. Trusts can seem complex, leaving many people with questions about their workings and suitability for their estate planning...
The Achieving a Better Life Experience Act allows individuals with disabilities to save money in a tax-advantaged account for qualified disability expenses. Connecticut implemented the ABLE Act in 2016, providing residents with disabilities and their families the...
Planning can secure your family's financial stability for future generations. One way to accomplish this is by establishing a dynasty trust. This type of trust allows you to preserve and grow your assets while minimizing taxes and protecting your wealth from various...
Those who achieve economic success often hope to pass their good fortune to others when they die. Estate plans allow individuals to choose specific beneficiaries to receive their assets, including family members and charitable organizations. Maximizing what someone...
Charitable remainder trusts are a way for you to donate to a charity while still providing income for yourself or your loved ones. As part of setting up this trust, you should determine which kind of charitable trust best suits your priorities. People can create a...
Planning for the future is a responsible step to take. One particular way to secure your assets for your loved ones is by creating a living trust. A living trust allows you to dictate how your assets will pass to your beneficiaries after your passing. If you want to...
A living trust is a legal arrangement that enables you to control the distribution of your assets during your lifetime and after your death. This kind of trust helps ensure you are in charge of your assets. Set up a living trust A living trust lets you maintain...
Estate planning in Connecticut is not just about passing on your assets. It is also about preserving your hard-earned wealth for your heirs. One significant aspect of this preservation is minimizing the impact of taxes. Connecticut imposes both federal and state...