Baker Law Firm, P.C.
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24 Delay Street, Suite 1, Danbury, CT 06810

Estate Taxes Archives

A few facts about estate taxes

Losing a loved one is not an easy thing to go through. When a loved one passes away, it is normal to have questions while handling his or her final affairs. One thing that those who are left to close out estates in the state of Connecticut need to make sure that they consider is estate taxes. If they don't, there can be significant consequences.

Estates taxes can add up

As it currently stands, both the state of Connecticut and the federal government can collect taxes on estates. Estate taxes can really add up fast and take a lot away from beneficiaries. With some careful tax planning, it may not be so bad.

Don't let estate taxes kill your loved ones

Losing a loved one is difficult no matter when or how it happens. When that individual fails to leave behind a complete estate plan, estate taxes can kill beneficiaries financially. This week, this column will briefly go over Connecticut's current estate tax laws. These laws are frequently changing, but an experienced attorney will be able to provide any updated information.

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