Connecticut Trust Attorneys

Providing Valuable Legal Services to Our Clients and Their Family Members

Have you begun the estate planning process? Depending on your unique circumstances, various types of trusts may benefit you and your family’s needs. Trust can play an essential role in estate plans, regardless of your family assets. When properly created and managed, a trust can help estates avoid probate and seamlessly transfer estate assets to beneficiaries and heirs.

Our estate planning attorneys have extensive experience in trust and estate administration and would be proud to represent your interests in the creation or management of a trust. To learn more about the many benefits of trusts, contact our law firm to discuss our estate planning services in a detailed case evaluation today.

What Are Different Types of Trusts in CT?

Several different types of trusts are available to Connecticut residents.

Trusts available in Connecticut include the following:

• Revocable living trusts.
• Family Trusts.
• Irrevocable trusts.
• Charitable trusts.
• Dynasty trusts.
• Grantor retained annuity trusts.
• Qualified personal residence trusts.
• Spousal estate reduction trust.
• Generation-skipping trusts.
• Special needs and supplemental needs trusts.
• Marital trusts.
• Credit shelter trusts.
• Spendthrift trusts.
• Life insurance trusts.
• Pet trusts.

Do You Need a Trust if You Already Have a Last Will?

While a last will and testament is often considered the foundation upon which a comprehensive estate plan is built, trusts have several benefits that wills do not.

Whereas wills may simplify probate administration, they do not avoid probate court. If you wish to avoid probate matters like probate litigation, it is wisest to put your estate assets into a trust.

Like a will, trusts allow you to designate beneficiaries who stand to inherit estate assets. Unlike a will, which must go through the probate process, assets are transferred almost seamlessly via a trust. The probate process is a matter of public record, too. By putting your assets into a trust, you are afforded a higher level of privacy.

Trusts afford a certain level of asset protection planning to individuals and their families. By putting assets and property into a trust, you can protect that property from creditors and frivolous lawsuits.

Additionally, trust can help reduce or avoid estate taxes and inheritance taxes.

What is Trust Administration?

Trust administration is the process of managing a trust after the creator has passed away. In most cases, the trustee or successor trustee has the duty and responsibility of administering the trust.

Trustees have a fiduciary duty to the trust’s beneficiaries and must also always act in accordance with state and federal law.

Our estates attorneys would be proud to assist clients through the complicated trust administration process.

How to Choose the Right Trustee?

When crafting a trust, it is essential that you can count on the person you have named your trustee. This individual must be dependable, have a high level of financial intelligence, understand the basics of investing, make smart decisions in a limited amount of time, and be accountable for keeping detailed records.

Our estate planning and wealth preservation attorneys can assist you in selecting the proper trustee for your trust.

Contact Our Connecticut Law Firm to Schedule Your In-Depth Case Evaluation Today

To learn more about trust, including revocable trusts, irrevocable trusts, charitable giving trusts, and more, we encourage prospective new clients to contact our law firm to schedule an initial consultation with our legal team.

Our law firm has two primary locations, one in New Britain and the other in Avon, CT. To contact our New Britain law office, call 860-854-3809. To reach us at our Avon office, you may call 860-854-3545.