In Greenwich, Connecticut, investors are exploring eco-friendly investments with significant tax advantages. This article examines how high-net-worth individuals can benefit from tax credits while supporting sustainable initiatives. Environmental tax credits...
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Taxes
How can wealthy families reduce tax contributions?
Are you part of a wealthy family looking to keep more of your hard-earned money? Paying taxes is not just about how much you earn but also how much you get to keep. Now, many families are discovering intelligent ways to reduce their tax bills without breaking any...
Do charitable trusts file tax returns?
Charitable trusts serve as important instruments for those wishing to leave a legacy while benefiting society. As vehicles for substantial wealth, they present philanthropic opportunities. It is important for trustees to understand how to manage compliance to avoid...
What a progressive tax rate means for those with large estates
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...
Using a trust to reduce or avoid estate taxes
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....