Attorneys Who Know.
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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...
An irrevocable life insurance trust can be a great estate planning tool for Connecticut residents. Often referred to as an ILIT, these instruments act as both the owner and beneficiary of large life insurance policies. Using an ILIT can help high net-worth individuals...
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...
Tax policies are in constant flux. If you are one of the money-smart Connecticut residents who are eyeing the changes, it could be a good idea to investigate asset transfer strategies. Remove assets from your estate You already know that you want your kids to have a...
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...
Giving to charity while at the same time generating income seems like an excellent way to put your savings into use. Many people in Connecticut are considering Charitable Remainder Trusts (CRT), although they lack a good understanding of how this vehicle works. A CRT...
Connecticut residents may find the federal tax code often encourages legal reduction steps. Deductions find their way into the code thanks to laws passed by Congress. Anyone eligible to take deductions or credits could cut down on what they owe, and some might receive...
A top reason people take part in estate planning and write a will with careful consideration centers on caring for family members. A person with significant assets likely doesn't want to see creditors and tax agencies take a substantial portion of the assets. However,...
As any parent will tell you, it can be quite costly to raise a child. Fortunately, there are several smart ways for parents in Connecticut to save money during tax time. With that in mind, here are several ways that parents can get a break when filing their taxes....
Connecticut residents can take advantage of many different tax reduction strategies each year. The sad part is that many of these individuals don't realize the various methods that are available to them to reduce their tax burden. It's time to listen up and take notes...