Creating a comprehensive estate plan to ensure that your estate assets are distributed according to your wishes is certainly important. What you may not realize, however, is that planning for the possibility of your own incapacity is equally important. The Glastonbury living trust lawyers at Nirenstein, Horowitz & Associates, P.C. explain how incorporating a living trust into your overall estate plan can help protect you against the possibility of your own incapacity. Why Is Incapacity … [Read more...]
New Tax Proposal re: Retirement Savings
There are new tax proposals working their way through the House and Senate. These proposals, if passed, would change retirement savings significantly. Read on to learn more about these proposals and whether they might impact you or your clients.New Tax Proposal re: Retirement Savings … [Read more...]
Staying Current on Estate Planning
It’s important for estate planning attorneys to stay up on the latest developments and techniques. The American Academy of Estate Planning Attorney held its semi-annual conference in Atlanta last week. Read on to learn more about the topics discussed at that cutting-edge conference.Staying Current on Estate Planning … [Read more...]
Kiddie Tax is Worse Than Ever
The Kiddie Tax can apply to the unearned income of children. Read on to learn if this tax applies to you or your children. Also, learn ways to avoid the Kiddie Tax.Kiddie Tax is Worse Than Ever … [Read more...]
What is a GST Trust?
A Generation-Skipping or “GST” trust can be a good way to keep assets out of the taxable estate of a beneficiary and yet still allow them to be used for the beneficiary’s benefit during life. Read on to learn more about this type of trust and whether it might make sense for you.What is a GST Trust? … [Read more...]
5 Estate Planning Documents to Update Following a Divorce
If you have made the difficult decision to end your marriage, the legal process of divorce that follows will undoubtedly be time-consuming and emotionally exhausting. As such, it can be very easy to overlook the numerous practical steps that should be taken after a divorce. For example, the Hartford estate planning lawyers at Nirenstein, Horowitz & Associates, P.C. point out five estate planning documents that usually need to be updated following a divorce. Updating Your Estate Plan as a … [Read more...]
Celebrate LGBT Pride Month by Reviewing Your Estate Plan
This year (2019), LGBT Pride Month marks its 50th anniversary in the United States. Along with celebrating the numerous legal and social advancements in the fight for equality, LGBT Pride Month is also an excellent time to make sure your loved ones are protected by reviewing and updating your estate plan. Until the day comes that members of the LGBT community attain complete and unmitigated legal equality, LGBT estate planning remains an invaluable method of ensuring that your wishes are honored … [Read more...]
Modifying an Irrevocable Trust
Irrevocable trusts often can be modified. They can be modified under the Uniform Trust Code or a state law decanting. Read on to learn more about how a modification of a trust can help.Modifying an Irrevocable Trust … [Read more...]
Trust Protectors Add Flexibility
Trusts can be drafted to be quite flexible. This article examines how Trust Protectors can add flexibility to your trust. This added flexibility can increase the usefulness of your trust.Trust Protectors Add Flexibility … [Read more...]
Making Trusts More Flexible
Trusts can be drafted to be quite flexible. This article examines several ways you can add flexibility to your trust. This added flexibility will increase the usefulness of your trust.Making Trusts More Flexible … [Read more...]
