Estate Planning Information
Experienced Lawyer Offers Estate Planning Guidance
Federal Estate Tax and Connecticut Estate Tax may be payable when someone dies. In my probate and estates practice we prepare the necessary documents to help you and your family protect and preserve assets and plan for the future. We are also available to provide probate administration services including settling and distributing estates. It is important for you to obtain competent, professional advice. Please contact Attorney Elizabeth A. Edwards to schedule an appointment.
Estates in Connecticut
For estates of certain individuals, the Connecticut Estate and Gift Tax will apply. The fiduciary must file a Connecticut Estate and Gift Tax Return with the Commissioner of Revenue Services and a copy with the appropriate Probate Court. The filing deadline is six months from the date of death, and interest and penalties will accrue from that date.
For smaller Connecticut estates, the fiduciary must file a Connecticut Estate Tax Return only with the Probate Court. If the Probate Judge believes that the estate is not subject to tax based on this return, the judge will issue a written opinion setting forth the reasons for his/her opinion. The deadline is six months from the date of death.
For larger Connecticut taxable estates, the fiduciary must file an original Connecticut Estate and Gift Tax Return with the Commissioner of Revenue Services and a copy with the Probate Court for the appropriate district. The filing deadline is nine months from the date of death (in some cases six months from the date of death). Interest and penalties will accrue from that date.
There may also be a Connecticut Estate Tax due for certain cases where the filing of a Federal Estate Tax Return is required. The filing of a U.S. Treasury Department Federal Estate Tax Return may be required if the total value of the estate’s assets exceeds a certain amount, as specified in the Internal Revenue Code. The fiduciary must file both a Federal and a Connecticut Individual income Tax Return for the individual for the tax year in which the individual died, and pay any state income tax that may be due. The fiduciary may also be required to file a Fiduciary Income Tax form and a Connecticut Income Tax Return for Trusts and Estates.
An effective estate plan can provide peace of mind for you and your family. Please contact Attorney Elizabeth A. Edwards to discuss your estate planning needs.
Area of Practice for
Estate Planning and Probate
- Estate Gifts & Taxes
- Estate Planning Tax Information
- Probate Court
- The Importance of Updating Your Will