Special Needs Trusts Update

Written by Marianne C. Cirillo on April 5, 2017

Last year’s passage of the Special Needs Trust Fairness Act ushered in significant legislative changes to the establishment of Special Needs Trusts (SNTs). SNTs have the potential to greatly improve the lives of individuals living with disabilities, because the assets held in these types of trusts are non-countable, thus providing a person with disabilities access … Continue reading Special Needs Trusts Update

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Florida Homestead Procedures Becoming More Relevant As Connecticut Residents Rethink Retirement

Written by Marianne C. Cirillo on May 12, 2016

More and more Connecticut residents are rethinking their retirement and whether to remain in the Nutmeg state, due mainly to the prohibitive estate taxes and increased probate fees. Residents are fleeing the state for less expensive places to retire, and Florida, with its favorable tax policies and Homestead Laws, is becoming more attractive than ever. … Continue reading Florida Homestead Procedures Becoming More Relevant As Connecticut Residents Rethink Retirement

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Changes to Probate Filing Fees in 2016

Written by Marianne C. Cirillo on January 26, 2016

Fees on decedents estates changed significantly with the new state budget for fiscal years 2015-16 and 2016-17. The new fee structure almost doubles the rate on estates larger than $2 million and eliminates the fee cap, which was previously a maximum fee of $12,500. Connecticut now has the highest probate filing fees of any state … Continue reading Changes to Probate Filing Fees in 2016

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