joint tenancy vs. tenants in common

Joint Tenancy Vs Tenants-In-Common

If you’ve never purchased a property, you may not know what I’m talking about. Both Joint Tenancy with right of survivorship and tenants-in-common dictate how a property is owned and who inherits it when one or more of the owners passes away. In Connecticut, tenancy in common is the default interest for a deed with…

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Estate Tax Return

Does a Surviving Spouse Have To File An Estate Tax Return?

Will You Owe Taxes On Your Spouse’s Estate? Currently, the estate tax exemption in Connecticut is $9.1 million per person. So although an Estate Tax Return must be filed for every decedent, tax is due from very few estates. And even if the decedent’s assets exceeded $9,100,000, there is an unlimited marital deduction, so if…

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