Some people choose to wait until after they are gone to pass down assets to children and other loved ones. Others, however, prefer to engage in lifetime gifting and pass down assets long before the end of their life. Lifetime gifting can actually provide some beneficial tax advantages as well as allowing you to observe […]
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A Connecticut estate planning lawyer helps you to prepare a comprehensive estate plan that is appropriate for your current life stage and your current family and financial situation. Many people believe they have endless time to make an estate plan or aren’t sure if they actually need a plan. The reality is, every adult should […]
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When you think about estate planning, you likely focus on creating a plan for the distribution of your estate assets when you are gone. Although that may remain your primary estate planning goal, you will probably also include additional, related goals as your estate plan grows. A common goal found in many comprehensive estate plans […]
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Planning ahead is the loving thing to do. Whether it is for a Thanksgiving meal or for your estate plan, planning is imperative. This article points out the various consequences of your failure to plan, including the increased likelihood for family discord. Read on to learn how planning ahead can help achieve the desired results.
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Throughout your working years, you may have been fortunate enough to enjoy employer-sponsored health insurance. As you near retirement age, however, you may find that your employer-sponsored insurance terminates, and Medicare takes over covering most of your health care expenses. One thing Medicare will not cover though is long-term care except under very limited circumstances. […]
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For some time after the death of a loved one, most people experience a wide range of heightened emotions. If you are currently going through this emotional time period, the last thing you probably want to do is focus on the legal ramifications of your loved one’s death. If you were appointed to be the […]
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ABLE accounts provide tax benefits and flexibility to disabled people. ABLE accounts are available to those disabled before age 26. Read on to learn more about ABLE accounts and how they can be used with a Special Needs Trust for maximum advantage.
The post Special Accounts for People with Special Needs appeared first on Nirenstein, Horowitz & Associates P.C..