Medicaid lawyers help you to be prepared in case you require costly care as you get older. If you do not work with an experienced attorney to make plans to ensure that expensive care you may require as a senior is covered, you could end up losing your wealth and missing out on a chance to [ ] The post How a Serious Illness Could Hurt Your Legacy appeared first on Nirenstein, Horowitz & Associates P.C..
Legacy planning is important if you want to have control over how you are remembered and control over what happens to the wealth that you have worked so hard to acquire. The legacy planning process can be complicated, but you should get proper legal help as you make decisions about what to do with your [ ] The post Legacy Planning: Options for Charitable Gifts appeared first on Nirenstein, Horowitz & Associates P.C..
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
What Is Legacy Planning from Barry D Horowitz There are steps that you can take to ease the burden so that you can maximize your financial legacy. Learn more about Legacy Planning in this presentation.