For most people, a Last Will and Testament serves as the foundation of their estate plan. It is typically the first estate planning document to be created and may be the only document within an estate plan for many years. One of the primary reasons for executing a Will is to ensure that your estate … [Read More]
529 Plans: Planning for Education with a Tax and Asset Protection Bonus
Planning is important when providing for your children or grandchildren. But planning for their education has special importance and may have special advantages. This article looks at how 529 plans may have tax advantages when providing for education. Further, the article looks at how such a plan may provide asset protection in bankruptcy, as well. [Read More]
Planning for Education Expenses
Planning is important when providing for your children or grandchildren. But planning for their education has special importance and may have special advantages. This article looks at how a trust can be used to provide for your child or grandchild’s education. The article looks at how a trust can protect those funds. [Read More]
Planning for Special Needs Children
Planning is important when providing for any of your children. But planning is even more important for special needs children. Without proper planning, an inheritance can jeopardize a special needs child’s needs-based benefits, such as SSI or Medicaid. Read on to learn more about planning for special needs children. [Read More]
Planning for the Unexpected
It’s important to have a plan. If you don’t have a plan, your state law dictates who gets your property and makes decisions for you. Read on to learn more about the prevalence of unexpected deaths and an example of what can happen without planning. [Read More]
How Do I Prove Lack of Testamentary Capacity in a Will Contest?
When a loved one passes away, it can be difficult to accept the loss. Sometimes, the grieving process is made even more difficult as a result of concerns surrounding the decedent’s state of mind at the time he/she executed a Last Will and Testament. When that happens, it adds uncertainty and confusion to your already … [Read More]
National Suicide Prevention Awareness Month Reminds Us that Seniors May Be at Risk
The month of September is designated as National Suicide Prevention Awareness Month in the United States. The idea is to bring awareness to the issue in the hope of reaching those who might be at risk of committing suicide. The Westport elder law attorneys at Nirenstein, Horowitz & Associates, P.C. remind us that seniors may … [Read More]
3 Reasons to Use a Living Trust to Distribute Your Estate
Like most people, you probably relied on a Last Will and Testament to take care of distributing your estate assets in your original estate plan. If your estate and/or your family has grown since you created that initial plan, it may be time to consider another option for distributing your estate assets. The Westport estate … [Read More]
Which Type of Life Insurance Is Right for Me?
For most people, life insurance plays an important role in their estate plan. It can, however, play very different roles within that plan. The purpose a life insurance policy has within yourFREE estate planning worksheet. If you have questions or concerns regarding life insurance and how it fits into your estate plan, [Read More]
How Much is Too Much?
This article looks at the question of how much is too much to leave your children. Many people have pledged to give the majority of their wealth to charity. If you won’t leave all your assets to your children, the article provides resources for vetting worthwhile charities. [Read More]
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