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When Connecticut residents are contemplating the future, how best to protect loved ones while preserve as much of their assets as possible, there are many factors that should be considered. The individual circumstances will dictate how to proceed. For many, a simple...
Many people in the Greenwich area have created a trust as part of their estate planning. A revocable living trust is a good way for a family to protect their assets and their family’s future. A successor trustee is an important part of a revocable living trust. This...
If you have significant assets and a high income, then the chances are that you’re wondering how best to transfer your assets when the time comes. This usually occurs through an estate plan, but there’s no cookie cutter approach to these plans. In fact, in order to...
Probate is a necessary legal process that ensures the effective and complete transfer of a decedent’s assets to beneficiaries. It can, however, be cumbersome and take time to complete. In order to avoid the delays and financial costs of probate, some Greenwich...
Many people in Connecticut will rely on public assistance benefits, such as Medicaid, to pay for their health care needs should they become disabled. However, to qualify for such benefits, a person must have few assets and a low income. To avoid impoverishing...
If you are setting up a trust, you will likely have concerns about how – and when – your beneficiaries will receive their inheritances. The value of your estate may be substantial, and you may want them to receive their shares of it over time, rather than as lump...
Having a will may not guarantee that your wishes are carried out or that your heirs’ needs are assured. Estate planning should include asset transfer strategies, such as legacy planning, that helps future generations use your wealth wisely. Legacy planning Legacy...
There are a variety of different estate planning tools to help estate planners to come up with an estate plan that is best for them. A living trust is a one such estate planning tool that estate planners should understand and be familiar with. What is a living trust?...
If you have a great deal of wealth you may have taken various measures to protect and save your assets for your heirs through various estate planning techniques. For example, you may decide to hold your assets in a living trust for future generations. However, if you...
Estate planning is important for Greenwich residents for several reasons. Not only does it help individuals set forth how and to whom items of property will be distributed, but it also helps them protect the value of the property that falls into their estate. End of...