Embracing your children is among the everyday highlights in your life. Their voices, their scents and their presence just make you feel on top of the world. You love them and provide for them the best that you know how. You do not want these scenes to ever end. But...
Trusts are separate legal entities designed to manage a person’s assets. For those of varying degrees of wealth, they can be vital instruments for avoiding probate upon their death and reducing tax burdens. Revocable, or living trusts, give the owner flexibility to...
One of the most misunderstood legal terms is “trust.” Most Connecticut residents have heard the term, but many have no understanding of the nature and operation of a trust. The subject of trusts is far too broad for a single (or even several) blog posts. This post...
While the Tax Cuts and Jobs Act made huge changes to the tax code, the doubling of the estate tax deduction has been one of the more attractive features for families who have made significant estate plans. However, if you live in Connecticut and are concerned about...
Every family experiences its share of disagreements. However, in some families, arguing is the status quo. While there are various methods of resolving conflicts when you’re around, things can get particularly contentious when you’re no longer there, and your loved...
A special needs trust is a great way to provide for a loved one while protecting his or her ability to receive government assistance, such as Supplemental Security Income and Medicaid. However, there are restrictions that are placed on special needs trusts, and you...
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...