A well thought out estate plan is one of the most meaningful gifts you can give to yourself and to your loved ones. Not only can your estate plan ensure that your wishes are honored at the end of your life and after you are gone, but it can also protect you and your loved ones while you are alive. At the Old Lyme, Connecticut law firm of Nirenstein, Horowitz & Associates, P.C. our experienced estate planning attorneys are committed to helping you create an estate plan that accomplishes all of that and more.
Old Lyme, Connecticut
Located along the Atlantic coast in New London County, Connecticut, the town of Old Lyme is known as an artists’ colony an a popular summer vacation spot. Old Lyme actually contains several villages, including Black Hall, Laysville, Lyme, Soundview, and South Lyme. As of the 2010 Census, there were 7,603 year around residents living in Old Lyme; however, the population swells to double that number during the summer.
The history of Old Lyme dates back to the middle of the 17th century when the town was set off from what is now the Deep River. At that time (1665), the town was named Lyme, after a small port on the coast of Dorset, England named Lyme Regis. Two centuries later South Lyme was incorporated which became Old Lyme two years later.
Given the history of Old Lyme, it should come as no surprise that visitors will find several tributes to the town’s history, starting with Main Street. The entirety of the town’s main street, aptly known as Lyme Street, is a historic district. You may also want to visit the Florence Griswold Museum. Florence Griswold first opened her doors in 1899 to a group of artists known as the Lyme Art Colony: Childe Hassam, Henry Ward Ranger, Willard Metcalf and others.
Nirenstein, Horowitz & Associates, P.C. in the Old Lyme, Connecticut Community
At Nirenstein, Horowitz & Associates, P.C. we understand how difficult it can be to choose the right estate planning attorney to assist you in the creation of your estate plan. In fact, your choice of attorney can directly impact the success – or failure – of your plan. Our commitment to both the art of estate planning and to the Town of Old Lyme community make us an ideal choice to assist you in the creation of your first estate plan and/or to help you update an existing plan.
A common explanation offered for the absence of an estate plan is the (mistaken) belief that an estate plan is not needed if you have only a modest estate. Nothing could be farther from the truth. Every adult can benefit from having an estate plan in place. As both your estate and your family grow, you will want to review and revise your initial estate plan to reflect the changes in your life and your assets. That initial estate plan will likely focus on making relatively simple gifts of your assets using a Last Will and Testament to avoid leaving behind an intestate estate. Later on, you may decide to expand your plan to include important goals such as incapacity planning, probate and tax avoidance, and protecting the inheritance of a minor child. You may decide to make a trust the primary distribution tool for your estate given these additional goals. At some point, you may also decide to incorporate a Medicaid planning component into your plan to help ensure that the high cost of long-term care is addressed in your estate plan. Looking down the road to the end of your life, you will also likely want to execute an advance directive as well as consider the addition of a funeral and burial component in your estate plan to ensure that your wishes are honored.
Our goal at Nirenstein, Horowitz & Associates, P.C. is to be with you throughout your life’s journey and help ensure that the people and things that are important to you are protected at all times.
If you have additional questions or concerns about estate planning, or wish to get started on your plan, contact the experienced Old Lyme, Connecticut estate planning lawyers at Nirenstein, Horowitz & Associates, P.C. by calling (860) 548-1000 to schedule an appointment.