Attorneys Who Know.
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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...
When it comes to estate planning, trusts are a popular way to ensure your assets get distributed the way you want. There are several types of trusts, but charitable trusts are one of the most common among Connecticut residents. What is a charitable trust? A charitable...
Deciding who would inherit your assets in Connecticut is an integral part of estate planning. This decision is often made easier by creating a will, but many people don't realize that there are several other ways to designate beneficiaries, including retirement...
When it comes to estate planning in Connecticut, there are a few different options to choose from. Some of the most common ones are living trusts and simple wills. Living trusts Usually, a living trust is set up by people who have a large estate. This type of trust...
Donating to charity has always been a great way to help minimize your Connecticut taxes. There are a number of strategies that you are free to adopt in order to enjoy this tax advantage to the fullest. The IRS has enabled a special provision that allows you to deduct...
When you live in Connecticut and have assets you'd like to pass on to the next generation when you die, understanding how they are transferred is essential. While you can choose to use a will or trust for this purpose, there are other direct methods you should be...
A solid estate plan can help Connecticut residents distribute their assets efficiently after they pass away. You may want to include a living trust in your estate plan, which can make distributing assets after you die even quicker. Ensure that your property gets...
Going through the steps for estate planning in Connecticut can be highly beneficial. You can choose who will inherit your possessions, name your children's guardians, minimize the odds of family disputes and reduce taxes. Leaving assets to the next generation In the...
Funding a trust in Connecticut can be a complex process. There are a number of challenges that you will need to overcome. Your purpose may be to move the appreciation of the asset from the grantor to your beneficiaries. This will be to reduce the value of your assets...