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Financial accounts can contribute substantially to the overall value of an estate. Retirement savings, investment accounts and other financial resources can represent a significant portion of an individual's wealth. Those resources can cause family disputes, increase...
Most Americans of means understand that the process of estate planning is consequential when it comes to preserving wealth and working to ensure that assets are passed on according to their wishes. These days, the focus of estate planning is no longer just on real...
Estate planning is not just about deciding who will inherit your assets—it is also about crafting knowledgeable, strategic ways to minimize your estate’s tax liabilities legally. Lawful tax avoidance allows individuals to structure their estates in ways that minimize...
Individuals and couples who have high-value resources to address in their estate plans often require more complex documentation. Frequently, they may choose to use a trust as a means of passing property to the next generation instead of relying on a will. Trusts can...
Leaving an inheritance can be an important part of estate planning, especially when making sure your children are financially secure. Connecticut law provides several options for leaving an inheritance that can meet your goals and protect your children's future....
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...
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...
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....