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Individuals with particularly valuable property often need to establish complicated estate plans. They have to worry about collection activity and taxes while also providing resources for their loved ones. They may intend to leave assets for charitable causes or even...
The Pew Research Center reports that 41.5 million Americans have special needs. Many people worry about what will happen to loved ones with special needs after they pass away. Setting up a Special Needs Trust is a great option. Understanding the elements a Special...
The National Organization on Disability reports that almost 54 million people in America have special needs. Setting up a special needs trust is one way for families to provide for these disabled loved ones into the future. Based on the family’s situation, there are...
In the realm of estate planning, the grantor-retained annuity trust emerges as a powerful tool for Connecticut residents seeking to preserve and transfer their wealth strategically. This financial mechanism, often overlooked, offers a unique approach to safeguarding...
Taxes are a necessary, if disliked part of life. However, many individuals fail to use the tools available to reduce their tax burdens. Many are not even aware they exist. By taking advantage of existing avenues, individuals can legally lower their tax liability. Tax...
Two primary purposes of estate planning in Connecticut are to protect your assets and provide a surviving spouse with income after your passing. Several types of trust can accomplish these goals, but one of the most useful is a Qualified Terminable Interest Property...
Art and cultural assets hold a special place in the hearts of many individuals, regardless of their financial means. Whether it is a cherished art collection, rare antiques or cultural artifacts, these possessions often hold a special place in one's legacy. Given the...
Benefits programs like Social Security Income can help people living with disabilities and health conditions meet their basic needs and live fulfilling lives. Over 48 million people received SSI support for disabilities in 2021, according to the Social Security...
A lawsuit that deprives you of your personal savings is a possibility any business owner should guard against. No matter whether you are new to entrepreneurship or a seasoned company owner, you should have effective asset protection methods in place. By keeping your...
When you own a business and want to minimize your tax liabilities, one option is learning to strategically utilize depreciation on your business assets. U.S. News and World Report explained for 2023, tax laws allow for an 80% bonus depreciation that will phase out by...