Attorneys Who Know.
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"How do I know I need a living trust instead of a simple will or other related documents when estate planning in Connecticut?" If you have been wondering the same, you are not alone. Here are some factors and situations you need to consider when deciding if a...
People who make regular donations to nonprofit organizations often set up of charitable remainder annuity trusts (CRATs). As the donor, you receive funds for yourself, your beneficiaries and your favorite charities. In Connecticut, donors may start benefitting once...
Connecticut families with a special needs relative have a lot to consider when estate planning. One of the most pressing questions that families face is how their special needs child or younger relative be taken care of after their death. A popular option for ensuring...
The creation of a trust may make it easier to ensure that your Connecticut estate planning wishes are carried out after you die. It may also make it easier to ensure that your affairs are properly managed during your lifetime. However, this exact purpose that such a...
Intentionally defective grantor trusts have become a popular estate planning tool in Connecticut. They allow you to transfer assets to your children or other beneficiaries while minimizing the amount of gift and estate taxes that will be due. If you are looking to...
Families in Connecticut with disabled members who are not able to work have options to help provide financial support for those members. Two key tools are the special needs trust and the ABLE trust, which differ in important ways. Special needs trust vs. ABLE trust...
Heirs in Connecticut paying estate taxes after a couple or individual has passed away is generally a concern that mainly affects the highest tier of the extremely wealthy. However, upcoming legislation may cause these taxes to apply to more people - which will, in...
For many people in Connecticut, the house is among the most important assets to consider when it comes to estate planning. Deciding on the best way to manage the house can be complicated, but placing it in a living trust is one of the most common options. Living...
In Connecticut, a bypass trust is a tool for avoiding some of the estate tax that would otherwise be due over the course of the deaths of a couple who leave assets for their children. It involves creating two trusts and transferring assets from one to the other at key...
Taxation is a delicate matter when you have a large estate. The impact of taxes grows as your wealth grows. No one should ever consider evading taxes, as doing so is illegal. Regardless, there are ways to eliminate or reduce taxes legally. Knowing the law is how you...