Planning can secure your family's financial stability for future generations. One way to accomplish this is by establishing a dynasty trust. This type of trust allows you to preserve and grow your assets while minimizing taxes and protecting your wealth from various...
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Trusts
How different charitable remainder trusts pay out
Charitable remainder trusts are a way for you to donate to a charity while still providing income for yourself or your loved ones. As part of setting up this trust, you should determine which kind of charitable trust best suits your priorities. People can create a...
How to leave conditional gifts in your living trust
Planning for the future is a responsible step to take. One particular way to secure your assets for your loved ones is by creating a living trust. A living trust allows you to dictate how your assets will pass to your beneficiaries after your passing. If you want to...
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...
6 elements every special needs trust should have
The Pew Research Center reports that 41.5 million Americans have special needs. Many people worry about what will happen to loved ones with special needs after they pass away. Setting up a Special Needs Trust is a great option. Understanding the elements a Special...
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...
Should I consider a grantor-retained annuity trust?
In the realm of estate planning, the grantor-retained annuity trust emerges as a powerful tool for Connecticut residents seeking to preserve and transfer their wealth strategically. This financial mechanism, often overlooked, offers a unique approach to safeguarding...
How supplemental needs trusts can protect family wealth
Benefits programs like Social Security Income can help people living with disabilities and health conditions meet their basic needs and live fulfilling lives. Over 48 million people received SSI support for disabilities in 2021, according to the Social Security...
Methods to keep your business and personal assets separate
A lawsuit that deprives you of your personal savings is a possibility any business owner should guard against. No matter whether you are new to entrepreneurship or a seasoned company owner, you should have effective asset protection methods in place. By keeping your...
Reasons to choose an irrevocable life insurance trust
Financial planning is a critical aspect of ensuring the well-being of loved ones. Life insurance plays a vital role in this process for Connecticut residents, providing a financial safety net for beneficiaries if the policyholder passes away. One effective way to...