Asset Protection Planning

Helping You Preserve Your Hard-Earned Assets

Our attorneys at Burns Thomas, LLC, incorporate asset protection strategies into estate planning so we can protect your assets from taxes, creditors and other losses. We have decades of combined experience serving Connecticut clients with all aspects of estate planning, including the preservation of assets.

Whether the best option for you is a comprehensive will, the establishment of trusts or other estate planning solutions, we will find a solution that fits your needs.

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Having assisted clients with a variety of diverse and complex estates, we know how to make use of a variety of tools. Some of these include:

• Asset protection trusts
• Family limited partnerships
• Limited liability companies
• Joint property ownership
• Statutory exemptions

Our team develops personalized strategies to encompass the unique details of your financial portfolio, real estate properties and other assets. We will explore the full range of estate planning options available and provide wise counsel so you can make the best decisions moving forward.

What To Know About Estate Taxes

Connecticut has a progressive estate tax that ranges from 11.6% and 12%. Connecticut’s estate tax does not apply if:

• The decedent passed away in 2021 and had an estate worth less than $7.1 million
• The decedent passes away in 2022 and had an estate worth less than $9.1 million

The federal tax exemption for 2022 is $12.06 million. Although the government is eager to get as much of your estate as it can, we are equally determined to keep it in your hands. Through our deep knowledge of state and federal estate tax law, we take every advantage available to pass your wealth to your inheritors, not the IRS.

We Care About Preserving Your Assets As Much As You Do

You have worked too hard in your life to lose assets to taxes and creditors. Discuss your asset protection options when you sit down with one of our team members in person, virtually or over the phone.