It doesn’t matter how hard you work or how wisely you invest the money you earn if you end up losing the assets you acquire before you are able to enjoy them during your “Golden Years” and/or pass them down to loved ones at the end of your life. Fortunately, there are a wide range of asset protection tools and strategies that can help protect your assets. One of those tools is an Domestic Asset Protection Trust, or DAPT. To help you learn more about a DAPT, a Hartford asset protection planning … [Read more...]
How Long Does It Take to Probate an Estate in Connecticut?
For the average person, one of the primary motivations for creating an estate plan is to ensure that their loved ones are provided for after their death. One thing that people often fail to consider though, is how long it will take for their loved ones to actually receive the assets earmarked for them in that estate plan. To help you create a successful estate plan, a Glastonbury probate attorney at Nirenstein, Horowitz & Associates, P.C. explains how long it typically takes to probate an … [Read more...]
Is Cryptocurrency an Asset?
Most people have heard of cryptocurrency; however, only a small percentage of people actively own it and use it. If you are one of them, it is important to understand how your cryptocurrency fits int oy our estate plan. Given the unique characteristics of cryptocurrency, failing to identify and include it in your estate plan could cause it to be lost forever after you are gone. That could cheat your loved ones out of the value of that cryptocurrency. To better explain, a Westport estate … [Read more...]
Is a Grantor Retained Income Trust Right for Your Estate Plan?
Creating a successful estate plan requires you to do more than just decide how your estate will be divided after you are gone. It also requires you to contemplate ways to protect your estate assets wile you are alive so they are available to be passed on after your death. One potential threat that all taxpayers should be aware of is the potential impact that federal gift and estate taxes might have on their estate. A Hartford trust attorney at Nirenstein, Horowitz & Associates, P.C. explains … [Read more...]
Make Estate Planning the Focus of Your New Year’s Resolution
It’s almost that time again –time to make a New Year’s resolution. This year, why not make a resolution that protects you and your loved ones? Resolve to create an estate plan if you have yet to do so, or do a complete review and revision of your existing plan if you already have one. A Hartford estate planning attorney at Nirenstein, Horowitz & Associates, P.C. talks about the benefits of making estate planning your New Year’s resolution this year. Traditional New Year’s … [Read more...]
Including Digital Assets May Require You to Update Your Estate Plan
For most people, a primary objective of estate planning is to ensure that their estate assets wind up in the right hands after they are gone. For that goal to be accomplished, however, you must make sure that you have included all your assets in your plan. In today’s electronic age, that means you need to include your digital assets as well as other assets. As a Hartford estate planning lawyer at Nirenstein, Horowitz & Associates, P.C. explains, including your digital assets in your estate … [Read more...]
Reasons an Estate Plan Could Be Challenged: Part 2 – Undue Influence
An Estate Plan is an essential part of your planning process. But there are ways an Estate Plan can be challenged as being invalid. This is the second part of a series of articles on ways an Estate Plan might be invalid and how to avoid these pitfalls. This article looks at “undue influence.” Reasons an Estate Plan Could Be Challenged: Part 2 – Undue Influence … [Read more...]
Reasons an Estate Plan Could Be Challenged: Part 1 – Formal Requirements
An Estate Plan is an essential part of your planning process. But there are ways an Estate Plan can be challenged as being invalid. This is part of a series of articles on ways an Estate Plan might be invalid and how to avoid these pitfalls. Reasons an Estate Plan Could Be Challenged: Part 1 – Formal Requirements … [Read more...]
The Questions of Estate Planning, Part 6: Why
People often have questions about Estate Planning. This is the sixth in a series of articles addressing those questions. This sixth article addresses “why” to do Estate Planning. Read on to learn more. The Questions of Estate Planning, Part 6: Why … [Read more...]
The Questions of Estate Planning, Part 5: How
People often have questions about Estate Planning. This is the fifth in a series of articles addressing those questions. This fifth article addresses “how” to do Estate Planning. Read on to learn more. The Questions of Estate Planning, Part 5: How … [Read more...]
