The Sandwich Generation is torn between caretaking responsibilities for their minor children and their elderly parents. But first, they need to make sure they take care of themselves. Read on to learn more. Planning for the Sandwich Generation … [Read more...]
Whom Do You Want to Get Your Assets?
Most of us have an idea whom we’d choose to receive our assets at our death. But often we don’t contemplate what should happen if the people whom we’ve selected die before us. Read on to learn more about contingent beneficiaries. Whom Do You Want to Get Your Assets? … [Read more...]
Joint Tenancy Pros and Cons
Joint tenancy is a commonly used form of ownership between two or more people. It can be an easy solution. However, it can have drawbacks. Read on to learn more. Joint Tenancy Pros and Cons … [Read more...]
Best Places to Retire: State Taxation
You owe federal income tax wherever you live. But your overall tax burden can vary dramatically depending on where you live. Read on to learn more. Best Places to Retire: State Taxation … [Read more...]
Preparing for Coronavirus
The novel coronavirus, COVID-19, is spreading in the United States and across the globe. Learn what steps you can take to prepare yourself and help prevent its spread. Read on to learn more. … [Read more...]
Do You Need More than One Will?
A Last Will and Testament likely serves as the foundation of your estate plan. If you have already executed a Will, you know what a Will can accomplish. You probably also know that you may need to modify the terms of your Will from time to time as your family and your estate grow. What you may not know, however, is that you may need a second Will at some point. If your estate assets grow to include assets located in a foreign country, you may need to execute a separate Will in that country or … [Read more...]
Choosing Your Fiduciaries
Within the average estate plan, you will find the need to choose several fiduciaries. One of the most common estate planning mistakes is to appoint the wrong people to those positions. To help you avoid making that mistake, a Westport estate planning attorney at Nirenstein, Horowitz & Associates, P.C. explains the importance of choosing the right Fiduciaries within your estate plan. What Is a Fiduciary? The law defines a fiduciary as “a person who holds a legal or ethical relationship … [Read more...]
Planning for the SECURE Act
The SECURE Act passed in late December. The SECURE Act changes some lifetime rules, but the biggest change concerns rules for beneficiaries. The first article in this series examined the SECURE Act. This article examines some planning strategies for dealing with the SECURE Act. Read on to learn more. … [Read more...]
The SECURE Act and What It Means for You
The SECURE Act passed in late December. The SECURE Act changes some lifetime rules, but the biggest change concerns rules for beneficiaries. Read on to learn more. … [Read more...]
Estate Planning Conference Discusses SECURE Act and More
The Heckerling conference, the largest conference for Estate Planning in the country, occurred last week in Orlando, FL. Many of the thought leaders in Estate Planning and Elder Law got together and discussed recent developments and new strategies. The SECURE Act was the biggest topic this time. Read on to learn more. … [Read more...]
