As the new year approaches, we present our annual year-end advisory for 2025. This edition highlights noteworthy estate and gift tax changes and outlines planning opportunities for year-end and beyond. We also take a moment to recognize some of our accomplishments in 2025 and provide our outlook for the new year.
This memorandum is designed to outline some of the basic administrative steps to be followed by the Trustee of an irrevocable life insurance trust (hereinafter referred to as an “ILIT” or the “Trust”). When properly implemented and administered, an ILIT prevents the imposition of estate tax on any life insurance policies owned by the Trust
Assets that you own at your death are included in your taxable estate. Lifetime gifting offers an excellent opportunity to remove assets from your taxable estate, yet it is often psychologically and economically difficult for people to make gifts and completely relinquish control over an asset. For a client considering a lifetime gifting program, a
A revocable trust is a flexible estate planning tool that allows you to manage and distribute your assets during your lifetime and after your death. You retain full control over the trust while you’re alive, with the ability to amend or revoke it at any time. Upon your death or incapacity, a successor trustee steps
A revocable trust is a flexible estate planning tool that allows you to manage and distribute your assets during your lifetime and after your death. You retain full control over the trust while you’re alive, with the ability to amend or revoke it at any time. Upon your death or incapacity, a successor trustee steps
Wiggin and Dana is pleased to announce that the firm’s Private Client Services practice and its partners, Michael T. Clear, Daniel L. Daniels, Jevera K. Hennessey, Leonard Leader, Vanessa L. Maczko, Steve B. Malech, and Carolyn A. Reers, have been ranked in the ninth edition of the annual Chambers
We’re excited to welcome Jevera Hennessey as a new partner in our Greenwich office. A highly respected estate planning attorney with deep ties to the local community, Jevera brings decades of experience advising individuals and families on trusts, estates, and tax matters.
Her arrival strengthens our Chambers High Net Worth-ranked Private Client Services Department and
Ruth Fortune, Associate in the Private Client Services Department, has been recognized by the Hartford County Bar Association with the Judge Maxwell Heiman Memorial Award.
The Judge Maxwell Heiman Memorial Award is presented to a Hartford County lawyer in his or her first ten years of practice who exemplifies the high standards of service
Michael Clear, Chair of the Private Client Service Department at Wiggin and Dana, has been elected as a Fellow of the American College of Trust and Estate Counsel (ACTEC), one of the most prestigious designations in the field of estate planning and trust law.
ACTEC is a nonprofit association of peer-elected lawyers who are