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A living trust is a legal arrangement that merges your property and assets into one sheltered entity. When a person wants to establish a living trust, they become the grantor or owner. If you are the grantor, you can protect and control your assets while you are alive...
Charitable remainder trusts are popular in Connecticut because of their reliability and benefits. Aside from reducing capital gains and taxes, they allow you to receive a regular payment based on your initial terms and agreement. You could receive payments based on...
An intentionally defective grantor trust (IDGT) is a popular estate planning tool that allows individuals to transfer assets to their heirs while minimizing gift and estate taxes. Connecticut residents considering their estate planning options should be aware of how...
Estate planning is an important aspect of financial planning in Connecticut that can help ensure that your assets are distributed according to your wishes after your death. In a high-interest-rate environment, there are several estate planning techniques that can be...
Charitable remainder trusts are popular estate planning tools in Connecticut and around the country because they provide reliable income and may reduce capital gains, estate and gift taxes. The grantor earns a partial tax deduction when assets are placed in a...
Much more goes into estate planning than many Connecticut residents might think. Usually, movies and Hollywood will only focus on a last will and testament - as if that’s the only way to pass your belongings onto your beneficiaries. In reality, there are a lot of...
Both ABLE accounts and Special Needs Trusts (SNTs) are accounts that protect the assets of individuals with special needs. They allow for financial planning, as well as a secure way to save and use resources without losing eligibility for benefits or assistance...
The residents of Connecticut are known for their generosity. With so many worthy causes in the world, you may be considering how to donate while receiving the benefits of a tax deduction. You can reduce your tax burden while benefiting others by following charitable...
The main focus of your Connecticut estate plan is to safeguard assets to pass on to your heirs after you have passed away. Although many people automatically think of creating a trust for holding property, you have additional options for doing that. These are the best...
Taxes are an inevitable part of life, but that is not to say that there is ever an obligation to overpay. The fact is that numerous strategies exist that can legally and legitimately reduce tax obligations and leave more money in Connecticut residents' pockets each...