Tag Archives: choosing

What to Look for When Choosing a Quality Nursing Home


Hartford Medicaid planning attorneys can provide you with assistance in preparing for a move to a nursing home. We can help you to make certain that you research care facilities in the best and most effective way possible so you can find a high quality home where you will have the highest possible quality of life.  We […] The post What to Look for When Choosing a Quality Nursing Home appeared first on Nirenstein, Horowitz & Associates P.C..
https://preserveyourestate.net/blog/uncategorized/what-to-look-for-when-choosing-a-quality-nursing-home/

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What to Look for When Choosing a Quality Nursing Home


Hartford Medicaid planning attorneys can provide you with assistance in preparing for a move to a nursing home. We can help you to make certain that you research care facilities in the best and most effective way possible so you can find a high quality home where you will have the highest possible quality of life.  We […] The post What to Look for When Choosing a Quality Nursing Home appeared first on Nirenstein, Horowitz & Associates P.C..
https://preserveyourestate.net/blog/uncategorized/what-to-look-for-when-choosing-a-quality-nursing-home/

Questions to Ask When Choosing a Trustee


A trust administration lawyer at Nirenstein, Horowitz & Associates can provide invaluable help during the trust administration process. The trust administration process is the process by which assets held in a living trust transfer after the death of the trust creator. The trustee oversees this process and has a fiduciary duty to manage the assets within the trust and act [ ] The post Questions to Ask When Choosing a Trustee appeared first on Nirenstein, Horowitz & Associates P.C..
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Basics of Estate Planning: Choosing a Roth or Traditional IRA (or 401k)


Roth and Traditional accounts each have their merits. This blog examines the differences between the two. The post Basics of Estate Planning: Choosing a Roth or Traditional IRA (or 401k) appeared first on Nirenstein, Horowitz & Associates P.C..
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Considerations When Choosing the Executor of an Estate


During the probate process in Connecticut, the executor of an estate has many important responsibilities. The executor is chosen by the deceased when the deceased is writing his will, and it is the executor s job to move the estate through the probate process. An experienced attorney can provide help to those who are making a [ ] The post Considerations When Choosing the Executor of an Estate appeared first on Nirenstein, Horowitz & Associates P.C..
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Choosing the Right Revocable Trust Trustee


A trustee is a person or entity who administers a trust. If you utilize a revocable living trust as your assets transfer vehicle, you can act as the trustee while you are alive and well. You can also serve as the beneficiary, so you could receive monetary distributions from the trust throughout your life. This arrangement is comforting to many people, because you do not surrender control of assets that you convey into a revocable trust. You can also revoke the trust entirely if you ever decide that you want to call the whole thing off and take back direct personal control of the assets that you conveyed into the revocable trust. You would be creating the trust as an estate planning tool, so you have to account for the things that will take place after you pass away. When you establish the trust declaration, you name a successor trustee to handle the business of the trust after you pass away. Successor beneficiaries would also be named in this document. A revocable living trust can pro
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Choosing the Right Trust

The typical layperson may not be aware of all of the options that can be exercised when an estate is being planned. Of course there is a legal document called a last will that most people are aware of, and there are also multiple different types of trusts. There are various reasons why you may want to utilize a trust of some kind. Let s look at some of the scenarios that can come into play. Asset Protection We live in a litigious society as they say, and lawsuits can be a source of concern for many people. If you were to convey assets into an irrevocable asset protection trust, they would be shielded from legal actions. You can protect assets for your own purposes, and you can also protect assets that you are leaving to a loved one when you are planning your estate. Estate Tax Efficiency The federal estate tax is a looming threat for high net worth individuals. You can transfer unlimited assets to your spouse tax-free, but transfers to others could be subject to the death tax and its
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