Clarity is Key to Planning

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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https://preserveyourestate.net/blog/estate-planning/clarity-is-key-to-planning/

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Consequences of Modifying an Irrevocable Trust

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..

https://preserveyourestate.net/blog/estate-planning/consequences-of-modifying-an-irrevocable-trust/

Why Crowdfunding May Cost You Medicaid Eligibility

Each year, crowdfunding websites raise money for causes. Did you know such a website could impact your eligibility to receive Medicaid? Read on to learn how crowdfunding can impact Medicaid eligibility.
The post Why Crowdfunding May Cost You Medicaid Eligibility appeared first on Nirenstein, Horowitz & Associates P.C..

https://preserveyourestate.net/blog/estate-planning/why-crowdfunding-may-cost-you-medicaid-eligibility/

What Type of Power of Attorney Do I Need?

A Power of Attorney (POA) is one of the most common tools used in estate planning as well as in other areas of the law. As such, there is a very good chance that you will have a need for a POA at some point during your life. Deciding which type of POA you need […]
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https://preserveyourestate.net/blog/power-of-attorney/what-type-of-power-of-attorney-do-i-need/

What Are the Advantages and Disadvantages of a Living Trust?

Like many people, you may have considered including a living trust in your overall estate plan. In fact, a living trust is one of the most common of all estate planning tools, due in large part to the numerous goals that can be furthered using a living trust. Although you should always consult with an […]
The post What Are the Advantages and Disadvantages of a Living Trust? appeared first on Nirenstein, Horowitz & Associates P.C..

https://preserveyourestate.net/blog/living-trust-in-connecticut/what-are-the-advantages-and-disadvantages-of-a-living-trust/

How Do I Apply for Medicaid in Connecticut as a Senior?

Like many seniors, you may have managed to go through your entire life to date without ever even considering the need for Medicaid benefits because you were fortunate enough to be covered by employer-sponsored health insurance. If you now find yourself faced with the need to qualify for Medicaid to help cover long-term care costs, […]
The post How Do I Apply for Medicaid in Connecticut as a Senior? appeared first on Nirenstein, Horowitz & Associates P.C..

https://preserveyourestate.net/blog/medicaid-in-connecticut/how-do-i-apply-for-medicaid-in-connecticut-as-a-senior/