Day Pitney LLP is a full-service law firm with more than 300 attorneys in Boston, Connecticut, Florida, New Jersey, New York and Washington, DC. The firm offers clients strong corporate and litigation practices, with experience on behalf of large national and international corporations as well as emerging and middle-market companies. With one of the largest individual clients practices on the East Coast, the firm also has extensive experience assisting individuals and their families, fiduciaries and tax-exempt entities plan for the future.
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.
