Asset protection planning is essential for several reasons. For one, it ensures that you have resources available for your needs and goals. But more importantly, it shields your assets from potential lawsuits and creditors. Without proper protection, your assets could...
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Estate Planning
How an irrevocable trust shields your assets from creditors
As you build your wealth throughout your life, you may also encounter the challenge of getting caught up in an ongoing cycle of debts. Concerns about managing these financial obligations in the event of your passing start to weigh on your mind. Naturally, you would...
Planning an estate for your startup
Planning your estate is an excellent idea for every Connecticut business owner. It becomes even more crucial when you are seeking to secure the future of your startup. You never know when a fantastic opportunity can come along. At the same time, you also don't know...
Four strategies for secure digital assets transfers
In today's digital age, our lives are intertwined with a vast array of digital assets. These assets hold financial and sentimental value, from online financial accounts to social media profiles. Imagine what can happen to those accounts when you die. Incorporating...
Is it time to review your estate plan?
Once you have established a thorough estate plan that meets all your needs, you may assume it ends there. You have transferred all your assets to a living trust. The living trust will allow you to manage your finances and estate during your lifetime and distribute...
3 cost-efficient ways to transfer real estate
Real estate can be expensive. Aside from the property's worth, owners could face additional expenses related to managing and giving them to family members. Failing to make an estate plan leads to uncertainty about what happens to your assets after your death....
Planning for estate tax changes coming in 2026
Connecticut residents should be aware that several changes to estate tax laws effective in 2026 may affect how they structure their plans. This particularly applies to those who have significant assets. Estate tax exemptions will decrease significantly Current federal...
Revocable versus irrevocable: which living trust is for you?
A living trust is one of the essential tools in estate planning to ensure the proper disposition of one’s assets without going through an extensive probate process. Moreover, when a trustor decides to establish a living trust, they need to decide whether they want a...
How can I minimize my tax exposure?
The most frustrating issue about acquiring a wealth of assets and properties is the taxes you must pay when you decide to sell or transfer these. You cannot take your estate with you when you pass; transferring it to your relatives will also subject the properties to...
Use a living trust for asset protection
A living trust is a legal arrangement that merges your property and assets into one sheltered entity. When a person wants to establish a living trust, they become the grantor or owner. If you are the grantor, you can protect and control your assets while you are alive...