What Is Family Business Succession Planning?

Once upon a time, small family businesses were the backbone of the American economy. Children learned trades and/or management skills from helping in the family business and it was assumed that one of those children would assume control of the business upon the retirement, disability, or death of the patriarch or matriarch of the family. […]
The post What Is Family Business Succession Planning? appeared first on Nirenstein, Horowitz & Associates P.C..

https://preserveyourestate.net/blog/estate-planning/what-is-family-business-succession-planning/

Advertisements

Will My Father Qualify for Medicaid?

For an adult child, it can be extremely difficult to watch a parent succumb to the physical and/or mental deterioration that occurs as a result of the natural aging process. It can be even harder to watch a parent’s deterioration caused by Alzheimer’s or another dementia disease. If you find yourself in just such a […]
The post Will My Father Qualify for Medicaid? appeared first on Nirenstein, Horowitz & Associates P.C..

https://preserveyourestate.net/blog/medicaid-in-connecticut/will-my-father-qualify-for-medicaid/

SALT Deduction Limit…Can You Get Around It?

The Tax Cuts and Jobs Act increased the standard deduction amount. However, it also limited itemized deductions for state and local taxes (SALT) on the federal income tax return. Read on to learn what works (and what doesn’t work) to maneuver around the $10,000 SALT limitation.
The post SALT Deduction Limit…Can You Get Around It? appeared first on Nirenstein, Horowitz & Associates P.C..

https://preserveyourestate.net/blog/legal-education/salt-deduction-limitcan-you-get-around-it/

The Little Things May be the Most Important

Your estate may be worth a little or a lot at your death. The items which your beneficiaries might cherish could be the sentimental ones. Read on to learn how your will or trust could provide the ability for you to keep a list and update it without needing to see your lawyer every time you change your mind on an item.
The post The Little Things May be the Most Important appeared first on Nirenstein, Horowitz & Associates P.C..

https://preserveyourestate.net/blog/legal-education/the-little-things-may-be-the-most-important/

How to Use a Living Trust to Stagger an Inheritance

Creating a successful estate plan requires you to take a wide range of factors into consideration as well as blend numerous goals into one cohesive plan.  Deciding who you wish to pass down your assets to is only the beginning for most people. You may also need to decide how you wish to pass down […]
The post How to Use a Living Trust to Stagger an Inheritance appeared first on Nirenstein, Horowitz & Associates P.C..

https://preserveyourestate.net/blog/wills-and-trusts/how-to-use-a-living-trust-to-stagger-an-inheritance/