When it comes to estate planning, many people think of only one legal tool: wills. While it is true that a last will and testament can be an important part of your plan for your legacy, a will is far from the only document that most people need to create in order to prepare for … [Read More]
4 Mistakes A Connecticut Trust Lawyer Helps Avoid
A Connecticut trust lawyer at Nirenstein, Horowitz & Associates can provide you with invaluable help in determining if you need a trust. If you could benefit from including a trust as a part of your comprehensive estate plan, an experienced attorney can also assist you with creating a trust. Trust creation is one of the … [Read More]
Differences Between Inheritance Tax and Estate Tax
When you inherit money or you are making plans for who will inherit your wealth after you pass away, it is important that you understand the rules for inheritance tax and for estate tax. If an inheritance or estate tax (or both types of taxes) will be charged after your death, this can create substantial … [Read More]
Downsides to a Revocable Trust
There are many good reasons to create a revocable trust. Revocable trusts, or living trusts as they are also called, can provide important protection for your assets while still giving you flexibility and control over the wealth you transfer to the trust. However, there are also some limitations on what revocable trusts can do for … [Read More]
4 Reasons You Don’t Want to Die Intestate
If you have not made advanced plans for the distribution of your personal and real property after your death, you may die intestate. Dying intestate means that you have no will. Without a will, your family can face lots of problems in trying to wind up the affairs of your estate. Nirenstein, Horowitz & Associates … [Read More]
How to Make Sure a Disabled Loved One Can Get Medicaid Services
Medicaid services are often vital to people who have disabling conditions. A person who has a serious disability may be unable to work. Without a job or income, getting standard health insurance could be impossible. Medicaid is available to provide coverage so the costs of managing the disabling condition are covered. Medicaid, unlike most types … [Read More]
What is the Gift Tax Limit?
It is important to understand the gift tax limit if you are planning on making a gift of any money or property during your lifetime. Giving gifts can result in taxes being assessed unless you keep the gifts below a certain dollar value. You should talk with an estate planning attorney about gift giving so … [Read More]
Why Parents of a Disabled Child Need to Talk with a Medicaid Lawyer
A Connecticut Medicaid lawyer can provide assistance if you are a parent with a child who is disabled. As a parent, caring for a child with a disability can cause financial and personal stress. Getting a child’s medical needs met and ensuring the child will always be cared for over the course of his or … [Read More]
What Does it Mean to Probate a Will?
When a death occurs, it may be necessary to probate a will. Although most people have heard the phrase “probate a will,” not everyone who is forced to cope with a death of a loved one actually knows what it means to go through the probate process. The process of probating a will can be … [Read More]
Who pays for Nursing Home Costs for Seniors?
Nursing home costs can be astronomically expensive, totaling more than $100,000 annually in many cases. The bills for nursing home care are much higher than most families can comfortably pay, raising the question of who ends up footing the bill for the costs of care. Unfortunately, in many cases, it is seniors and their families who … [Read More]
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