Trusts are valuable estate planning tools that can be utilized to any number of ends. Connecticut residents can use trusts to minimize estate taxes, avoid probate and more easily pass assets to heirs. While people usually understand that selecting the right type of trust and funding it correctly is important, they often forget about what it takes to name the right trustee.
Owning raw land to establish an upcoming business has its benefits. Owners do not have to worry about any rent payments, the land itself does not cost as much as established properties and there is significantly more flexibility with how owners want everything built and positioned on the new property.
Acquiring another business is an excellent strategy for expanding your customer base or increasing sales. In theory, these moves are great. In practice, things can get somewhat more complicated. To ensure a successful acquisition, Connecticut owners should be certain that they understand how things will play out under current business law.
A special use permit for a new casino was recently approved in Connecticut. These permits allow for developers and land owners to use the property in a way that deviates from its zoned usage. However they are not permanent and specify a time frame for how long the specified land use may continue, which is usually based off of the intended length of the project, building or business.