When you are recording your wishes in writing you must consider the fact that human beings are going to have to be involved in making those wishes come to fruition when the time is appropriate. Your choices are important and you should make them with full knowledge of the responsibilities that these representatives will be charged with after your passing. People who are using a trust to direct the transfer of assets will have to choose a trustee. The trustee will be empowered to … [Read more...] about Choose Representatives With Care
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Will Your Beneficiaries Pay Taxes On Insurance Proceeds?
Tax matters are something to take into consideration when you are looking ahead toward the inevitable. With this in mind questions often arise about insurance policy proceeds. When the beneficiary receives insurance proceeds he or she will not be asked to pay Federal income tax when the transfer takes place. However, there is another tax that looms large for many individuals. If you own insurance policies personally the proceeds are considered to be part of your estate for … [Read more...] about Will Your Beneficiaries Pay Taxes On Insurance Proceeds?
Long-Term Care: Some of the Facts
According to the United States Department of Health and Human Services most Americans who are fortunate enough to reach the age 65 are going to need assistance with their day-to-day needs before it is all said and done. With this in mind preparing for the possibility of long-term care costs is a must for serious minded individuals. If you are under the impression that Medicare will take care of this you would do well to look into the matter a bit more closely. In fact, Medicare … [Read more...] about Long-Term Care: Some of the Facts
Three-Year Look-Back Proposed for Veterans A & A
Because of the fact that Medicare won't pay for long-term living assistance the Medicaid program is used by many Americans to cover long-term care costs. There is a $2,000 upper resource limit, but a lot of your valuables don't count toward this figure such as your home and your vehicles. In addition, the healthy or community spouse can keep his or her half of shared resources up to a limit that stands at $113,640 in 2012. You cannot find out that you need long-term care one day and … [Read more...] about Three-Year Look-Back Proposed for Veterans A & A
Indianapolis Estate Planning Seminars
Free advice can be a bit dangerous to accept under certain circumstances. However, sometimes genuine expertise is available to you in a readily accessible and cost-effective manner. Just such an opportunity is presenting itself over the next couple of weeks here in the Indianapolis area. Our firm is going to be presenting some very informative seminars throughout the month of September and we would like to invite all of our readers to attend. At our seminars you will find out … [Read more...] about Indianapolis Estate Planning Seminars
Legal Struggle Left Holm Estate Lacking
You might think that an actress who had the longevity and the success of Celeste Holm would leave behind quite a financial legacy. However, it is being reported that the former Academy Award winner, who passed away on July 15 at the age of 95, had exhausted most of her savings. How did this happen? It appears as though the legal struggle that she was engaged in with her two sons in the years preceding her death consumed the majority of her resources. Celeste Holm was reportedly … [Read more...] about Legal Struggle Left Holm Estate Lacking
Late Artist Kinkade's Wife, Girlfriend at Odds
Estate planning lawyers are always going to remind their clients about the need to make the appropriate estate plan revisions. There are certain life changes that make updates necessary, and one of them is a change in marital status. We can often gain insight into the pitfalls that go along with a lack of proper planning when we hear about celebrity cases. With this in mind let's take a brief look at the estate of the deceased artist Thomas Kinkade. Kinkade, the so-called … [Read more...] about Late Artist Kinkade's Wife, Girlfriend at Odds
Alzheimer's: Gait May Provide Warning
If you are wondering why you should have to concern yourself with incapacity planning you would do well to know a bit about Alzheimer's disease. This horrible disease is extremely destructive, and it is in fact the 6th leading cause of death in the United States. The Alzheimer's Association tells us that approximately four out of every ten individuals who are at least 85 years of age are suffering from the disease. Early onset is a problem as well, with 13% of people 65 and up being … [Read more...] about Alzheimer's: Gait May Provide Warning
Living Trust is a Viable Option
When you think about "trust funds" you may immediately envision people who come from extraordinarily wealthy families. If you are in fact in possession of a significant store of financial resources you may well want to start a trust or trusts for the benefit of your loved ones. However, a living trust may be a viable option for you even if you would not consider yourself to be well-to-do. These trusts provide some advantages over the utilization of a last will, and you may find … [Read more...] about Living Trust is a Viable Option
Diminutive Pooch May Be Just What Doctor Ordered
When you look around the house as a senior citizen and find it empty day after day it can take a toll on you. People are generally social by nature, and loneliness can lead to depression. While you cannot turn back the hands of time you can remain positive and take steps that are within your control to improve your quality of life. One way of doing so would be to get yourself a dog. There are two objections that you could have as a senior citizen. The first one may … [Read more...] about Diminutive Pooch May Be Just What Doctor Ordered
