In the United States we have an estate tax on the federal level. At the present time the estate tax exclusion is $5.25 million, and the maximum rate is 40%. This $5.25 million figure is subject to ongoing adjustments for inflation on an annual basis. What this means is that anything that you pass along … [Read More]
Reality TV Series to Focus on Estate Disputes
There are a number of reasons why it is important to discuss your situation with a licensed estate planning attorney rather than trying to plan your own estate using generic template documents. It is possible that members of your family may not be especially pleased with your estate plan. In cases such as these disputes … [Read More]
Lack of Estate Tax Exposure Doesn’t Eliminate Need for a Plan
Though some people would prefer that it was otherwise we have an estate tax in place on the federal level. This is applicable in all 50 states. The amount of the estate tax exclusion in 2013 is $5.25 million, and the top rate of this death levy is 40%. Not every state has an estate … [Read More]
Special Needs Trust in Westport CT: How Much Does It Cost?
There is no one way to plan an estate. There are various different courses of action that would be appropriate depending on the specific circumstances in question. In Connecticut, for example, suppose you wanted to provide resources for someone who has a disability. This person is relying on Medicaid and Supplemental Security Income to pay … [Read More]
Does Your Trust Still Make Sense?
Perhaps you are among a minority of Americans who have been proactive about estate planning. The idea got into your head years ago, and you decided to create a [Read More]
Refusing an Inheritance
The trigger event is certainly not a cause for celebration, but most people are grateful when they find out that they are going to receive inheritances. However, there are certain circumstances under which you may want to refuse an inheritance. You are not forced by law to accept an inheritance. Let’s say that you have … [Read More]
Attend One of Our December Estate Planning Seminars
Statistics indicate that most adults don’t have all the proper estate planning documents firmly in place. This is disturbing because estate planning is a must for all responsible adults. One of the reasons why people never put an initial plan in place is because they don’t know enough about it. They just assume that their … [Read More]
Unified Credit Increased for 2014
The [Read More]
How Do You Protect Assets?
There are various different objectives that you may have when you are planning your estate. The exact way that you ultimately proceed is going to depend on the specific nature of your circumstances. With this in mind, some people are concerned about asset protection. You want to be sure that the assets that you have … [Read More]
GRAT Can Be Good Gamble
There are various different acronyms that are used in estate planning, and they oftentimes shorten rather wordy names for certain types of trusts. We like to highlight one of these from time to time, and in this post we will look at the GRAT or [Read More]
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