“How can I preserve my legacy?” is a profound question that many ponder. Your legacy is more than a summary of your material wealth; it’s a reflection of your life’s impact, values, and the memories you leave behind. This blog provides insights into various estate plan strategies for ensuring that your legacy endures well beyond […] The post Craft a Timeless Legacy With an Effective Estate Plan appeared first on Nirenstein, Horowitz & Associates P.C ..read more

Estate planning is not a one-time task; your plan should evolve as your life changes. This blog highlights critical instances, both personal and legal, that signal the need to update your estate plan. Legal Shifts Necessitating Updates Changes in Tax Laws Tax laws are in constant flux. When these laws change, they can have a […] The post Navigating Life’s Changes: When to Update Your Estate Plan appeared first on Nirenstein, Horowitz & Associates P.C ..read more

Without question, the most pressing elder law situation is the matter of long-term care and the costs that go along with it. We are going to look at the pros and cons of long-term care insurance here, but before we get to that point, we will share some necessary background information. Don’t Be Overconfident A […] The post Should You Carry Long-Term Care Insurance? appeared first on Nirenstein, Horowitz & Associates P.C ..read more

One of the biggest inheritance planning mistakes that people make is the automatic assumption that a will is the optimal asset transfer vehicle to utilize. In reality, this is simply not the case. In many instances, a trust of some kind would be a much better choice. Let’s look at some of the reasons why […] The post Inheritance Planning: Why Would You Use a Trust? appeared first on Nirenstein, Horowitz & Associates P.C ..read more

Estate planning is often viewed through the lens of married couples. However, for unmarried life partners, it’s even more essential, albeit with unique challenges. This guide delves into key considerations for ensuring your partner is protected and your wishes are honored. Understanding the Legal Differences Unlike married couples, unmarried partners don’t automatically receive legal protections […] The post Estate Planning for Unmarried Life Partners appeared first on Nirenstein, Horowitz & Associates P.C ..read more

A fiduciary is someone who has a legal obligation to serve the best interests of another individual or individuals. Some fiduciaries play a role in estate planning, and we will look at them here. Estate Executor The simple will is the most commonly used estate planning document. If you create a will to direct postmortem […] The post What Is a Fiduciary Duty? appeared first on Nirenstein, Horowitz & Associates P.C ..read more

Embarking on the journey of inheritance planning can feel overwhelming, especially when faced with a myriad of unfamiliar terms and concepts. However, understanding these terms is crucial for ensuring that your estate plan accurately reflects your wishes and protects your assets. In this post, we’ll demystify some of the most commonly used estate planning terms […] The post Demystifying Common Inheritance Planning Terms appeared first on Nirenstein, Horowitz & Associates P.C ..read more

A lot of people who do not have estate plans fail to take action because they do not have a significant store of resources to pass along. If you are single and no one is depending on you, this is understandable, but there are reasons why everyone should have a plan in place. This being […] The post An Overview of Estate Planning With Life Insurance appeared first on Nirenstein, Horowitz & Associates P.C ..read more

Delaying estate planning is a common mistake, yet it can have serious repercussions. Many believe it’s a concern for the future, but life’s unpredictability makes it a pressing issue. This blog delves into the dangers of postponing estate planning and the adverse effects it can have. Unexpected Financial Burdens for Your Family Without an estate […] The post Avoiding the Pitfalls: Why Estate Planning Shouldn’t Wait appeared first on Nirenstein, Horowitz & Associates P.C ..read more

Estate planning is not solely about dividing assets; it’s also about ensuring your wishes are honored after you are gone. However, even a generally well-crafted estate plan can face a hurdle in the form of an estate contest. These disputes can lead to costly legal battles, delay asset distributions, and even result in family rifts. […] The post Take Proactive Steps to Prevent an Estate Contest appeared first on Nirenstein, Horowitz & Associates P.C ..read more