Call to consult an attorney
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Investors can use real estate to help diversify their portfolio. Both residential and commercial properties can play a role in one’s financial portfolio and, in some cases, can also provide tax advantages. Use real estate for tax advantages carefully In the past,...
Federal Gift, Estate and Generation Skipping taxes have long been subject to a unified exemption. Transfers are cumulative. A gift tax return must be filed reporting the cumulative transfers and exemption consumed from prior and the current year returns. Tax is...
Dealing with end-of-life matters can be a tricky subject for some people. You may feel uncomfortable thinking about your later years and eventual death, or perhaps you have particularly complex assets that feel too overwhelming to include in an estate plan. With the...
The Supreme Court of the United States (SCOTUS) has agreed to hear a case that questions the ability of a state to tax trust income when the trust is located in another state. The case begins with a father who created a trust in New York to guide the transfer of his...
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...
