by Allison DePaola | Mar 22, 2017 | Estate Planning, Taxes, Trusts
Many married couples are concerned about Connecticut Estate Tax planning and therefore are interested in a Connecticut Credit Shelter Trust. A commonly used tool used in Connecticut Estate Tax planning that aims to reduce or eliminate the Connecticut Estate Tax is...
by admin | Apr 12, 2013 | Connecticut Estate Planning Attorney Blog, Estate Planning, News, Trusts
Seven Myths and Truths About “Living Trusts”: A “Living Trust”, also known as a “Revocable Trust,” often is advertised as a way to avoid probate and quickly transfer assets to family members upon death. However, there are many misconceptions about Living Trusts: Myth...
by admin | Mar 5, 2012 | Connecticut Estate Planning Attorney Blog, Estate Planning, Special Needs Trusts, Trusts
Many families have children or adults with special needs. This raises many unique and challenging issues. Who will care for the special needs person when you can’t? Will he/she be able to live independently? Can he/she receive an inheritance without jeopardizing...
by admin | Sep 22, 2011 | Estate Planning, Taxes, Trusts
An ILIT is an irrevocable trust that enables a grantor to transfer insurance policy proceeds to family members without having the proceeds included in his or her estate. By working closely with an attorney and a financial adviser, an individual may transfer an...
by admin | Oct 29, 2010 | Connecticut Estate Planning Attorney Blog, Estate Planning, Trusts
A. Overview. The stand by credit shelter trust is an estate planning tool that allows for the maximum use of the exemption equivalent amount ($1,000,000.00 in 2011 and succeeding years) for each spouse, thereby potentially doubling the amount that can pass to...
