The benefits and perils of a charitable remainder trust
There are different types of trusts that can serve different purposes. The charitable remainder trust (CRT), for example, is a popular type of irrevocable trust for charity-minded individuals. It offers a variety of benefits, but there are some potential risks as...
Should you name multiple trustees?
Acting as trustee is an important task, and choosing a trustworthy person to oversee the trust is one of the most important ways to protect your assets and the loved ones who will act as beneficiaries. Connecticut law allows you to name multiple trustees to act...
Charitable remainder trusts help secure tax breaks
Individuals include trusts in their estate plans to provide finances for loved ones, invest in well-loved communities or reduce taxes on high-value assets. At their core, trusts allow people to protect parts of their hard-earned estates from estate taxes. Of the...