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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...
Many entrepreneurs in Connecticut envision a day when an heir will take over the business they build from scratch. Business owners who include a succession plan as part of the estate planning process should carefully consider a few points when planning to leave a...
Some Connecticut residents don't tell their heirs about their will before they pass away. As a result, their beneficiaries have no idea what to expect and might not know how to handle their sudden wealth. To prepare your beneficiaries for their inheritance, it's best...
The process of estate planning in Connecticut can be challenging. Hearing people's stories of how the government took a large portion of people's inheritance under the excuse of taxes can be scary to think about. You've created a nice nest egg for your family's future...
Connecticut is home to many high-net-worth individuals. Plenty of people commute into New York for finance jobs or work as insurance industry executives in cities like Hartford. Earning a good living removes many of life's challenges, but it also creates others. There...
While the Tax Cuts and Jobs Act made huge changes to the tax code, the doubling of the estate tax deduction has been one of the more attractive features for families who have made significant estate plans. However, if you live in Connecticut and are concerned about...
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...
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...
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...
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...