Good estate planning accounts for all of your assets in the event of your passing. Accounting for a business you own specifically calls for a succession plan. Unless you expect your business to default away after your passing, choose a successor for your company...
What you might not want to include in a revocable trust
A revocable living trust can be an effective tool for managing your Connecticut estate. However, there are certain items that may not be worth including in such a trust. Those assets include life insurance policies, ownership rights to a vehicle and qualified...
Recently divorced? Make these changes to your estate plan
The divorce may be final but that doesn't mean your financial connection to your former spouse has been severed. Chances are, your ex's name appeared on at least one Connecticut financial document that still needs to be updated. There are a few more things you need to...
The importance of estate planning
Many Connecticut residents mistakenly believe that estate planning only benefits older people with extreme wealth, but the benefits of estate planning are available to many people outside of this group. A well-planned estate is a useful tool for anyone who owns assets...
How to include a business in your estate plan
Connecticut business owners are strongly encouraged to include company assets in their estate plan. This is true whether you plan on passing the company down to future generations or plan on selling it and giving the proceeds of the sale to your heirs. Business assets...
4 important estate planning issues to consider
Estate planning enables the deceased to provide genuine comfort to surviving family members during their time of need. But, it needs to be thoughtful and done properly to get the desired effect. It is much more than an inventory of assets and where they should go, but...