Category Archives: Trust Administration
What is a Marital Deduction Trust?
Estate planning in Connecticut usually involves various types of estate planning tools, including trusts. There are a wide range of trusts that can be created under Connecticut law, and they serve distinct purposes. A person who is making an estate plan might want to create a special needs trust to ensure that a disabled… Read More »
Who Are the Parties in a Trust?
Creating a trust is a common part of estate planning for many residents in the Canton, Connecticut area. If you are considering a trust, it is important to have a clear understanding of who the parties are in a trust and what rights and responsibilities they have with regard to the trust. There are… Read More »
Trusts: Key Terms to Understand
All adults should be thinking about estate planning. While common myths suggest that estate planning is only for older adults or adults with chronic and serious illnesses, estate planning is crucial for many reasons. Trusts are one type of tool in the estate planning process. Although establishing a trust might not be appropriate for… Read More »
What is a QTIP Trust?
If you are married and have not yet worked with an estate planning lawyer to write a will, to create advance directives, and to consider the value of a trust, you might want to consider a qualified terminable interest property (QTIP) trust. This is one of many types of trusts that a person can… Read More »
Why Working with a Trust Administration Attorney is Beneficial
There are several reasons to create a trust. And once it has been established that the use of a trust is appropriate for one’s estate planning goals, then another thing to consider is who will manage the trust or be named the trustee. Because trust administration can be a complicated job that requires an… Read More »