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How Grantor Retained Annuity Trusts work

Estate planning involves various tools and strategies to help manage and transfer wealth efficiently. One such tool is the Grantor Retained Annuity Trust (GRAT). What is a Grantor Retained Annuity Trust? A Grantor Retained Annuity Trust is an irrevocable trust that...

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FAQs about trusts in estate planning

When planning for the future, considering a trust as part of your estate plan can be a wise choice for managing and protecting your assets. Trusts can seem complex, leaving many people with questions about their workings and suitability for their estate planning...

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What is the ABLE Act?

The Achieving a Better Life Experience Act allows individuals with disabilities to save money in a tax-advantaged account for qualified disability expenses. Connecticut implemented the ABLE Act in 2016, providing residents with disabilities and their families the...

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Creating a living trust

A living trust is a legal arrangement that enables you to control the distribution of your assets during your lifetime and after your death. This kind of trust helps ensure you are in charge of your assets. Set up a living trust A living trust lets you maintain...

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5 types of special needs trusts

The National Organization on Disability reports that almost 54 million people in America have special needs. Setting up a special needs trust is one way for families to provide for these disabled loved ones into the future. Based on the family’s situation, there are...

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