As you build your wealth throughout your life, you may also encounter the challenge of getting caught up in an ongoing cycle of debts. Concerns about managing these financial obligations in the event of your passing start to weigh on your mind. Naturally, you would...
Creating a trust is a popular method for people to pass assets to their beneficiaries while keeping the impact of taxes to a minimum. There are many types of trust, allowing you ample freedom to control the distribution of your assets and who benefits from them after...
A trust provides various benefits, including potentially reducing the impact of estate taxes on your properties and the beneficiaries who will inherit them upon your death. There are several factors to consider when creating a trust, and one of the most important is...
Planning your estate is an excellent idea for every Connecticut business owner. It becomes even more crucial when you are seeking to secure the future of your startup. You never know when a fantastic opportunity can come along. At the same time, you also don't know...
In today's digital age, our lives are intertwined with a vast array of digital assets. These assets hold financial and sentimental value, from online financial accounts to social media profiles. Imagine what can happen to those accounts when you die. Incorporating...
A common strategy parents of children with special needs take is creating a special needs trust (SNT), also known as a supplemental needs trust, to ensure that the child’s needs, on top of basic ones, are continuously provided for in the event something happens to the...
Once you have established a thorough estate plan that meets all your needs, you may assume it ends there. You have transferred all your assets to a living trust. The living trust will allow you to manage your finances and estate during your lifetime and distribute...
Real estate can be expensive. Aside from the property's worth, owners could face additional expenses related to managing and giving them to family members. Failing to make an estate plan leads to uncertainty about what happens to your assets after your death....
Connecticut residents should be aware that several changes to estate tax laws effective in 2026 may affect how they structure their plans. This particularly applies to those who have significant assets. Estate tax exemptions will decrease significantly Current federal...
Estate planning is an excellent tool for individuals to recalibrate their goals and values. Tools such as wills and trusts help people put their wishes into writing. Some people primarily think about the security of their family, while others align their wishes with...