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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...
Are you looking for a way to to acquire a high-end piece of property in Connecticut? It may not be necessary to sift through endless listings or settle for less than your ideal. Even in times when it's a seller's market and good property is hard to find, probate sales...
Married couples in Connecticut may want to open a bypass trust as one of their wealth transferring strategies. If you want to first pass on certain assets to your spouse, then your children, then a bypass trust is an option to consider. Pass on assets to your spouse...
Items retained in your Connecticut estate upon your death will likely be subject to probate. During a probate case, your estate will be represented by an executor, who will be named in your will. Alternatively, an executor will be appointed by the court if you don't...
A will isn't the best way of transferring wealth in Connecticut. Assets must typically go through probate, which means they could be seized by creditors and winners of lawsuits. They would also take longer to land in the hands of your intended recipients. There are...