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Special needs trusts are important tools for protecting the financial future of individuals with disabilities. Choosing between a pooled special needs trust and an individual trust requires understanding the benefits and drawbacks of each. These options can help...
Are you part of a wealthy family looking to keep more of your hard-earned money? Paying taxes is not just about how much you earn but also how much you get to keep. Now, many families are discovering intelligent ways to reduce their tax bills without breaking any...
Pets are beloved members of many families, but what happens to them if their owner passes away? A living trust can ensure that pets receive proper care after an owner's death. By planning ahead, pet owners can provide a secure future for their furry friends. Setting...
Individuals and couples who have high-value resources to address in their estate plans often require more complex documentation. Frequently, they may choose to use a trust as a means of passing property to the next generation instead of relying on a will. Trusts can...
Leaving an inheritance can be an important part of estate planning, especially when making sure your children are financially secure. Connecticut law provides several options for leaving an inheritance that can meet your goals and protect your children's future....
Donating art can be an important part of estate planning, especially for those who hold significant collections. Understanding how specific rules apply can help high-income individuals make strategic decisions. What qualifies as a charitable donation? To claim a tax...
Charitable trusts serve as important instruments for those wishing to leave a legacy while benefiting society. As vehicles for substantial wealth, they present philanthropic opportunities. It is important for trustees to understand how to manage compliance to avoid...
When planning your estate, consider how to provide for loved ones with special needs. A special needs trust (SNT) helps you support a beneficiary with disabilities without affecting their eligibility for government benefits. Knowing who qualifies for a special needs...
A major goal of estate planning is to protect the assets of a creator so they can be passed effectively to beneficiaries. Creditor claims are one of the potential problems that can chip away from the value of an estate without proper estate planning. Thankfully, there...
A living trust serves as a powerful tool for managing and protecting assets. Many people also use it as a strategic way to reduce taxes. Understanding how a living trust can help with tax reduction allows individuals to make informed decisions about their financial...