United States:
Estate Planning Update July 2016 - Good News On Connecticut Probate Fees
20 July 2016
Day Pitney LLP
To print this article, all you need is to be registered or login on Mondaq.com.
As mentioned in our
July 2015 Estate Planning Update, last year Connecticut
substantially increased the probate fees for all Connecticut
estates (regardless of whether probate proceedings are required).
For example, an estate of $10 million would pay a probate fee of
$45,615; an estate of $50 million would pay $245,615. In light of
significant public concern, Connecticut recently enacted
legislation capping the probate fee at $40,000, effective for
decedents dying on or after July 1, 2016. The cap reduces fees on
estates in excess of about $8.8 million.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Family and Matrimonial from United States
How To Avoid Probate
Nyemaster Goode
When probate is required, the process can be expensive and time-consuming. To avoid probate court, with all its complications, consider these factors.
What Is Maintenance In A Divorce Settlement?
Anderson Boback & Marshall
Maintenance, formerly known as alimony, is a relief granted to a party in a dissolution of marriage case that equitably restores to the party a standard of living
An Executors Guide To Compensation
Morrison & Foerster LLP
Navigating the complexities of estate administration can be a daunting task, often requiring a significant investment of time and effort. In Alberta, the role of an Executor or Administrator of an Estate...