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Recent Changes in Connecticut Tax Laws Affecting Estates and Trusts
by Gregory A. Hayes
Day Pitney LLP - Stamford Office
Darren M. Wallace
Day Pitney LLP - Greenwich Office
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November 16, 2009
Previously published on November 9, 2009
As you may know, the Connecticut estate and gift taxes were recently changed. As a result of the budget compromise reached in the state legislature, there is new legislation as of September 8, 2009. The legislation includes an increase in the tax exemption, a reduction in the tax rate and an acceleration of the deadline to pay Connecticut estate tax.
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