Estate Planning Articles
Nirenstein, Horowitz & Associates
Some of these articles have been written by our law firm and other articles are written by the American Academy of Estate Planning Attorneys and compliments of our law firm. Any feedback or questions about the articles can be addressed by contacting our office.
Legacy planning goes beyond typical estate planning and focuses on protecting not only a family’s assets but their personal legacy, such as family values, stories and heirlooms.
There are few things more precious than the relationship between grandparents and grandchildren. Be sure you leave them with more than just memories. Proper estate planning is a great way to make the most of your gifting efforts.
As parents, one of the challenges we face is ensuring our children feel as though they’re treated fairly and loved equally. What many may not realize, however, is that sometimes accomplishing this doesn’t include equal divisions, especially after they’ve reached adulthood. This is also sometimes the case with Estate Planning. While it’s designed to efficiently distribute your assets after your death, it’s also meant to see your final wishes implemented. The challenge is making sure your children understand that after assessing the dynamics and factors associated with your family and the needs of each family member, your final wishes may appear to be unfair, even though your goal was always to address the needs of each child versus the collective family.
Hiring an estate planning attorney has its challenges, especially if your current attorney is preparing to retire or relocate. Here are a few tips that can help you make the transition.
Like many Americans you may own property outside of the United States. Whether you inherited an ancestral family home, purchased a vacation retreat, or are currently living in a home you own oversee, owning property in another country makes estate planning a bit more complicated and increases the importance of having a well-thought-out estate plan in place.
Don’t leave your future, your children’s, or your estate’s future up to chance. Learn about the odds of incapacitation and death, and how a comprehensive estate plan can tip the balance in your favor.
For many, one of the most complicated and awkward conversations is likely a discussion around funerals. Preplanning for a funeral can be the ideal opportunity to start a conversation, and if you’re a Medicaid recipient, it’s even more important.
The aging process can be difficult for those who witness it, and when it comes to our parents, we see it evolve first-hand as they come to rely on us for their needs over the years. What can we do now to make sure they’re better prepared for the future?
We always hear that planning is crucial. No truer is that sentiment than when it comes to caring for our aging parents. Proper planning can mean the difference of an enjoyable retirement or one that’s riddled with problems.
While creating a Trust is an important step, it’s just the first step in securing your legacy. Has your Trust been properly funded? Find out why you should follow up with a good estate planning attorney to ensure your assets are properly protected.