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...
Many entrepreneurs in Connecticut envision a day when an heir will take over the business they build from scratch. Business owners who include a succession plan as part of the estate planning process should carefully consider a few points when planning to leave a...
Some Connecticut residents don't tell their heirs about their will before they pass away. As a result, their beneficiaries have no idea what to expect and might not know how to handle their sudden wealth. To prepare your beneficiaries for their inheritance, it's best...
The process of estate planning in Connecticut can be challenging. Hearing people's stories of how the government took a large portion of people's inheritance under the excuse of taxes can be scary to think about. You've created a nice nest egg for your family's future...
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...
Connecticut is home to many high-net-worth individuals. Plenty of people commute into New York for finance jobs or work as insurance industry executives in cities like Hartford. Earning a good living removes many of life's challenges, but it also creates others. There...
Taxes help fund public goods, and most taxes come from individual income, corporate income, sales and payroll taxes. Although estate tax doesn't make up a substantial portion of Connecticut's tax revenues, every family wants to avoid estate taxes if possible. Give...
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...
Many people in the Greenwich area have thought about their legacy after they are gone. Some people may have come from a long lineage of charitable giving while others are just now considering it. Besides naming a charity in a will or traditional trust, a charitable...