Elder law lawyers at Nirenstein, Horowitz & Associates can assist you with the creation of a power of attorney that will give you more control in case something happens to you. Unfortunately, everyone is at risk of suffering a medical emergency at any time that makes them unable to control their own assets or make [ ] The post What is a Springing Power of Attorney? appeared first on Nirenstein, Horowitz & Associates P.C..
A special needs attorney is needed when you are the parent or guardian of a child who has a serious disability and you need to make plans for what will happen to the child after you are no longer able to provide care. However, this is not the only example of a situation where you [ ] The post In What Situations is a Special Needs Attorney Needed? appeared first on Nirenstein, Horowitz & Associates P.C..
An estate planning attorney can provide invaluable advice on the issues that matter when it comes to planning for your future. Because both your life and the law regularly change, making plans for your future is not a one and done endeavor. Instead, it is something that you will need to think about on an [ ] The post How Often Should I Talk to my Estate Planning Attorney? appeared first on Nirenstein, Horowitz & Associates P.C..
A trust attorney at Nirenstein, Horowitz & Associates can provide you with advice on whether you can create a trust to accomplish your asset protection or financial planning goals. We can provide the insight that you need to make the right types of legal decisions so you and your loved ones will be as financially [ ] The post Can Young People Create a Trust? appeared first on Nirenstein, Horowitz & Associates P.C..
A Westport trust attorney helps you to ensure that you make the right kind of trust if a trust is a viable legal tool for you to use to accomplish your goals. Trusts are versatile legal tools and there are many different kinds of trusts that can be created. The fact that you can use [ ] The post What if I Make the Wrong Kind of Trust? appeared first on Nirenstein, Horowitz & Associates P.C..
A durable power of attorney (POA) is an important tool used for incapacity planning because the power of attorney can give you control over who acts for you when a physical or mental illness prevents you from acting on your own. If you create a durable power of attorney, you get to make a choice [ ] The post How to Create a Durable Power of Attorney appeared first on Nirenstein, Horowitz & Associates P.C..
A Hartford Medicaid attorney helps you to make sure you can qualify for Medicaid benefits when you need coverage. Many seniors come to rely on Medicaid to pay for costly medical care as they age, and to pay for the costs of nursing home care. However, you can qualify for Medicaid only if you have [ ] The post How Old Do You Need to be To Get Help from a Hartford Medicaid Attorney? appeared first on Nirenstein, Horowitz & Associates P.C..
Incapacity Planning and Powers of Attorney from Barry D Horowitz The person creating the power of attorney is called the principal or grantor. The representative that is named is called the agent or attorney-in-fact. To create a power of attorney, you must be an adult who is of sound mind. The agent or attorney-in-fact must [ ] The post Incapacity Planning and Powers of Attorney appeared first on Nirenstein, Horowitz & Associates P.C..
To be comprehensively prepared for the eventualities of aging, you should consider the possibility of future incapacity. While this may not be the most pleasant subject to address, it is important to take action to protect yourself, because incapacity is quite common among elder Americans. Understand the Facts When you are capable of making your own decisions all of your life, it may be hard to imagine a time when you can no longer handle your own affairs. This is understandable, but as life goes on, you encounter different contingencies. Once you understand the facts, you will see why incapacity planning is so important. Many people become physically incapacitated prior to passing away. This period can be relatively brief, or it can be quite extended. During this interim, someone is going to have to handle your financial and health care decision-making. There is also the matter of mental incapacitation due to dementia. There are other causes of dementia, but Alzheimer s disease is th
The process of estate planning can be looked at as a bare bones, basic necessity, or you could take things a step further. If you discuss things with an estate planning attorney, you will learn about the process of legacy planning. This is a conscious, proactive effort to make a lasting impact after you are gone. If you schedule a consultation with our firm, you can get a detailed explanation, but we will provide an overview in this blog post. Estate Tax Efficiency High net worth individuals must be aware of the potential impact of estate taxes. We practice in the state of Connecticut, and there is a state-level estate tax in our state. We also have to be concerned about the federal estate tax. This tax carries a hefty 40 percent maximum rate, and this can significantly reduce the wealth that you are passing along to your loved ones. The federal estate tax credit is $5.45 million during the 2016 calendar year. This is the amount that you can transfer to anyone other than your spouse b