Attorneys Who Know.
Attorneys Who Care.
Charitable giving allows people to support organizations and causes they care about. Making charitable contributions can also offer tax benefits to people in Connecticut. Charitable gifts can help to reduce income taxes by providing deductions and might also help...
Taxation is a delicate matter when you have a large estate. The impact of taxes grows as your wealth grows. No one should ever consider evading taxes, as doing so is illegal. Regardless, there are ways to eliminate or reduce taxes legally. Knowing the law is how you...
In Connecticut, if you'd like to maintain investment income and benefit one of your favorite charities, setting up a charitable trust can be an excellent way to complete both endeavors. Understanding the pros and cons will make you more informed about its benefits....
One of the most simple ways to transfer assets is with gifts. This can play a big role in estate planning and other wealth preservation strategies. However, people often do not realize that gifts in Connecticut can have complex tax implications. Minimizing that tax...
A pooled special needs trust, or PSNT, is a financial device that is designed to provide for the lifelong financial support of people with special needs, who often have ongoing medical costs as well as a limited ability to work for income. These trusts entail pooling...
Wealth is a central factor behind estate planning. Deciding on how to value your estate in Connecticut calls for some strategy on your part. However, an estate shouldn't just be planned out for when you die. Your estate can generate more profits, reduce your taxes and...
The act of saving is enough to avoid taxes on the income you expect to have in retirement. Retirement accounts are themselves at the forefront of tax reduction strategies. If you lack a retirement fund, then now is not too late to get one. The state of Connecticut...
Estate planning can be complicated, but it may improve your quality of life and help ensure financial freedom and peace of mind for your benefactors. If you're a Connecticut resident, here are some ways that advanced estate planning can benefit you and your family....
High-net-worth Connecticut families might have to engage in tax-reduction strategies to avoid estate taxes, gift taxes, and the generation-skipping tax. While the current federal exemption amount is high, it might revert back to a lower amount in 2025 if Congress does...
Residents of Connecticut who want to help their families avoid having to pay taxes on their estate may want to consider setting up a dynasty trust. While dynasty trusts may not be the best solution for everyone, it may help to think about what will happen to your...