Attorneys Who Know.
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In Connecticut, if you'd like to maintain investment income and benefit one of your favorite charities, setting up a charitable trust can be an excellent way to complete both endeavors. Understanding the pros and cons will make you more informed about its benefits....
A pooled special needs trust, or PSNT, is a financial device that is designed to provide for the lifelong financial support of people with special needs, who often have ongoing medical costs as well as a limited ability to work for income. These trusts entail pooling...
High-net-worth Connecticut families might have to engage in tax-reduction strategies to avoid estate taxes, gift taxes, and the generation-skipping tax. While the current federal exemption amount is high, it might revert back to a lower amount in 2025 if Congress does...
Residents of Connecticut who want to help their families avoid having to pay taxes on their estate may want to consider setting up a dynasty trust. While dynasty trusts may not be the best solution for everyone, it may help to think about what will happen to your...
If you are looking for a great way to protect your wealth, a Connecticut family trust can have a lot to offer. It's understandable if this is your first time hearing about family trusts. Here's more information about family trusts and how they help you protect and...
Many people in Greenwich, Connecticut, don't like to think about death, but it is important to have clear estate plans for their eventual passing. If there is no estate plan, the court may decide who gets the assets. One type of estate planning tool to avoid this...
When you write your will in Connecticut, you might want to leave a portion of your assets to a friend or family member with special needs. However, it's important to talk to an attorney about the consequences of this decision. If you don't leave these assets in a...
Connecticut residents who have a significant amount of wealth in the form of assets and savings have many options when it comes to estate planning. Trusts are one of the most common entities that are set up to pass along wealth to future generations. One specific type...
Traditionally, every state requires that a person's will go through a process called probate. This is a court-supervised process that authenticates a person's will and ensures that all assets are distributed accordingly. One way to avoid the probate process in...
As you get older in Connecticut, you might find it increasingly difficult to manage your assets. Fortunately, you don't have to wait for a judge to place you under a conservatorship. You can establish a living trust and choose someone to manage your assets on your...