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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...
Those in the Greenwich area with significant wealth will want to ensure their assets are protected so they can be passed on to their heirs upon their death. One way to accomplish this is by executing a living trust. An overview of living trusts Living trusts are a...
Estate plans that involve large accounts and property often come with conflict. Estate planning is so important because it provides clear guidelines as to how the estate should be handled which can in turn prevent dispute. However, the chance of a will contest can...
An estate plan is an important way for a Greenwich resident to protect their legacy and the assets they hope to pass onto their loved ones. A good estate plan can accomplish these goals, but detailed estate planning from trusted legal and financial professionals can...
There are different types of trusts that can serve different purposes. The charitable remainder trust (CRT), for example, is a popular type of irrevocable trust for charity-minded individuals. It offers a variety of benefits, but there are some potential risks as...