Estate Planning | Making a Difference One Family at a Time

Study: Connecticut Ranks Second in Millionaire Density

Phoenix Marketing International. They wanted to determine the density of millionaire residents state-by-state. The study found that the state of Connecticut has the second-highest density of millionaires. Researchers determined that 7.3 percent of Connecticut households have a net worth of at least $1 million. When you achieve your financial goals, you have reached a satisfying … [Read More]

Estate Administration: Is the Probate Court Always Involved?

inheritances when a will is utilized to transfer assets. Probate is in place to provide oversight, but it is time-consuming, and it can be expensive. As a result, it does not always benefit the heirs to the estate. Property that is considered to be probate property would be subject to the process. However, there are … [Read More]

Why Is a Durable Power of Attorney Different?

eventualities of aging, you should consider the possibility of future incapacity. While this may not be the most pleasant subject to address, it is important to take action to protect yourself, because incapacity is quite common among elder Americans. Understand the Facts When you are capable of making your own decisions all of your life, … [Read More]

Inheritance Tax Myth Debunked

estate taxes, and you may assume that an estate tax and an inheritance tax are the same thing. In fact, these are two different forms of taxation. In this post we will explain exactly who must pay inheritance taxes, and we will also look at the differences between an inheritance tax and an estate tax. … [Read More]