Although we all enjoy a much longer average life expectancy in the United States than our ancestors did a century ago, the natural aging process will catch up to us at some point. Physical and/or mental deterioration may, at some point, lead to the need for long-term care. That, in turn, may lead to the […]
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To create a successful estate plan, you must first consider your unique needs and goals. For example, if you are part of a blended family, your needs and goals will likely not be the same as they were during your first marriage. Now, you may be trying to provide for your current spouse while simultaneously […]
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As the population of older Americans continues to grow at a historic rate, issues that impact the elderly are now taking center stage in the American conscious. One of the most worrisome of those issues is the Alzheimer’s crisis. Whether you are nearing your “Golden Years” yourself, or you have a loved one who is, […]
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Finding out that someone appointed you to be the Trustee of a trust can be an overwhelming experience – particularly if you have never before served as a Trustee. The creator of trust had enough faith in you to appoint you to the position of Trustee. To help ensure that you live up to those […]
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You probably already know that a Last Will and Testament is typically the first estate planning document people execute when creating an estate plan. You also likely have a fairly good idea what a Will is and what purpose it serves within your estate plan. What you may not know, however, is that not all […]
The post What Type of Will Do I Need? appeared first on Nirenstein, Horowitz & Associates P.C..
You undoubtedly know about the opioid crisis in the United States. You may also know that the population of older adults (age 65 and older) in the U.S. is increasing at a rate never before experienced in this country. What you may not know is that the two are related to each other. A recently […]
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Most people are familiar with the concept of estate planning; however, “legacy planning” may be a concept that is new to you. Legacy planning allows you to do more than just pass down your material wealth. It allows you to pass down the intangible characteristics that make you who you are. To help you better […]
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Are you a senior who suddenly finds the need to apply for Medicaid? If so, you are not alone. The high cost of long-term care often causes seniors who have never before needed to rely on Medicaid to turn to the program for help. If you find yourself in just such a position, the Glastonbury […]
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Clarity is essential in an estate plan. This article examines the case of Tom Petty, what he did right and what he did wrong. It shows that clarity can avoid problems later.
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Irrevocable trusts often can be modified. They can be modified under the Uniform Trust Code or a state law decanting. While these modifications may be determinative of the state law consequences, they may not determine federal tax consequences. Read on to learn more.
The post Consequences of Modifying an Irrevocable Trust appeared first on Nirenstein, Horowitz & Associates P.C..