A special needs trust can provide important protections for someone who is disabled and who needs to qualify for Medicaid benefits. Special needs trusts can be used to protect assets owned or acquired by someone with disabilities. However, there are specific rules that must be followed for trust creation. Nirenstein, Horowitz & Associates can provide [ ] The post What are the Differences in First Party vs. Third Party Special Needs Trusts? appeared first on Nirenstein, Horowitz & Associates P.C..
Connecticut estate taxes can be assessed if the value of your estate exceeds a certain dollar value. Federal estate taxes can also be charged. In many situations, ownership of a family business will result in your estate being over the excludable amount, and thus being taxed. This, in effect, means the value of your company [ ] The post How Connecticut Estate Taxes Could Affect Your Family Business appeared first on Nirenstein, Horowitz & Associates P.C..