You may hear the term "estate planning in Indiana" and wonder what it is. We would like to provide an explanation here. At any given time you're going to be in possession of financial assets and other types of property. What would happen to these possessions if you were to pass away? Estate Planning in Indiana Things that you owned while you were living comprise your estate after you pass away. Estate planning involves making preparations for the distribution of these … [Read more...] about Estate Planning in Indiana: What Is It?
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Top Five Strategies for Avoiding Estate Taxes [Infographic]
As you probably already know, just about everything is taxed in the United States – even your death. Technically it is not your death that is taxed but the assets you own at the time of your death. No one wants to pay estate taxes because every dollar paid out in estate taxes is one dollar less that goes to your loved ones. The good news is that there are estate planning tools and tactics that can help you minimize your estate tax exposure. Click here to view a larger image. … [Read more...] about Top Five Strategies for Avoiding Estate Taxes [Infographic]
Medicare and Medicaid in Indiana: What's the Difference Between Them?
When you're planning ahead for your retirement years you should know everything that you need to know about the government programs such as Medicare and Medicaid in Indiana, that are available for seniors. You should also consider the twilight years that follow the active retirement years if you want to be comprehensively prepared. Some people are confused about Medicare and Medicaid. They are not different facets of the same program. In this post we would like to provide some … [Read more...] about Medicare and Medicaid in Indiana: What's the Difference Between Them?
Does an Indiana Revocable Living Trust Provide Asset Protection?
When you consult with an estate planning attorney you can be certain that you are not making any decisions based on misguided notions. It is easy to assume things without having a full understanding of the legal devices that are available to you when you're planning your estate, such as an Indiana revocable living trust. Indiana Revocable Living Trusts: No Asset Protection In a general sense people often think that you no longer own assets that you place into a trust. That's the whole … [Read more...] about Does an Indiana Revocable Living Trust Provide Asset Protection?
Charitable Giving in Indiana: Consider Its Value
Charitable giving in Indiana can be part of your estate plan. When you understand all the facts and take the correct steps you can assist nonprofit enterprises of your choosing while gaining tax efficiency in the process. Right now the estate tax exclusion is $5.25 million, and the top rate is 40%. When you are planning ahead for the future you should inventory your assets so that you have an understanding of your net worth. If your assets exceed the estate tax exclusion you must take steps to … [Read more...] about Charitable Giving in Indiana: Consider Its Value
Revocable Living Trust in Indiana FAQs
Creating a revocable living trust in Indiana can be a good way to arrange for your assets to be transferred to your heirs after you pass away. In this post we will provide the answers to some frequently asked questions about these trusts. What is the primary benefit of a revocable living trust in Indiana? When you state your wishes regarding the distribution of your financial assets in a last will alone the transfer of assets is going to be stalled by the probate process. The will must … [Read more...] about Revocable Living Trust in Indiana FAQs
Estate Planning: Celebrity Estate Cases Shed Light
Estate planning is important for everyone, but it is more important for some people than it is for others. Celebrities who have very significant financial resources are risking big losses if they don't plan ahead intelligently. This is because of the existence of estate taxes. The federal estate tax carries a maximum rate of 40%, and a number of states also have a state-level estate tax. Another thing to consider when you're thinking about celebrity estate planning is the fact … [Read more...] about Estate Planning: Celebrity Estate Cases Shed Light
Retirement Planning in Indiana: Know the Facts
When you are looking forward toward retirement and otherwise preparing for the eventualities of aging you need to know all of the relevant facts about retirement planning in Indiana. One of the best ways to go about this type of planning is to do it with the assistance of a licensed elder law and retirement planning attorney. This having been stated, there is a certain amount of research that you can do online to prepare for your consultation so you can ask the right questions. We … [Read more...] about Retirement Planning in Indiana: Know the Facts
In-Home Care Giving
The subject of long-term care is something that families should ideally discuss as a group. The majority of people in the United States are eventually going to need assistance with their activities of daily living. This is a matter that is relevant to all of us, and it is wise to talk about it openly as you make practical preparations for the future. Your first thought may be that you will simply have Medicare pay for a stay in an assisted-living community or nursing home if you need … [Read more...] about In-Home Care Giving
The Estate Plan of Jim Morrison
When you are a young person you may not take estate planning that seriously, and the truth is that most young people don't have an estate plan in place. Many don't take action because they simply feel as though they are not going to be passing away for decades. This is perhaps understandable, but it is not necessarily the most responsible viewpoint. Young people do sometimes die before their time. Others do not care much about estate planning because they simply don't have much … [Read more...] about The Estate Plan of Jim Morrison
