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Wealth is a central factor behind estate planning. Deciding on how to value your estate in Connecticut calls for some strategy on your part. However, an estate shouldn't just be planned out for when you die. Your estate can generate more profits, reduce your taxes and...
The act of saving is enough to avoid taxes on the income you expect to have in retirement. Retirement accounts are themselves at the forefront of tax reduction strategies. If you lack a retirement fund, then now is not too late to get one. The state of Connecticut...
Estate planning can be complicated, but it may improve your quality of life and help ensure financial freedom and peace of mind for your benefactors. If you're a Connecticut resident, here are some ways that advanced estate planning can benefit you and your family....
Residents of Connecticut who want to help their families avoid having to pay taxes on their estate may want to consider setting up a dynasty trust. While dynasty trusts may not be the best solution for everyone, it may help to think about what will happen to your...
An irrevocable life insurance trust can be a great estate planning tool for Connecticut residents. Often referred to as an ILIT, these instruments act as both the owner and beneficiary of large life insurance policies. Using an ILIT can help high net-worth individuals...
Connecticut residents may find the federal tax code often encourages legal reduction steps. Deductions find their way into the code thanks to laws passed by Congress. Anyone eligible to take deductions or credits could cut down on what they owe, and some might receive...
A top reason people take part in estate planning and write a will with careful consideration centers on caring for family members. A person with significant assets likely doesn't want to see creditors and tax agencies take a substantial portion of the assets. However,...
As any parent will tell you, it can be quite costly to raise a child. Fortunately, there are several smart ways for parents in Connecticut to save money during tax time. With that in mind, here are several ways that parents can get a break when filing their taxes....
Connecticut residents can take advantage of many different tax reduction strategies each year. The sad part is that many of these individuals don't realize the various methods that are available to them to reduce their tax burden. It's time to listen up and take notes...
Connecticut residents who have a significant amount of wealth in the form of assets and savings have many options when it comes to estate planning. Trusts are one of the most common entities that are set up to pass along wealth to future generations. One specific type...