Apart from death and taxes, there are few real absolutes in life. For individuals who truly want to protect their interests and their families, however, estate planning can be said to be an absolute necessity. Oh sure, there are many people who never get around to organizing their affairs and preparing for the future, but that doesn’t mean that they shouldn’t do so. The fact is that a well-conceived estate plan can be essential for protecting your assets, avoiding problems related to incapacity, … [Read more...] about A Simple Will is Never Enough
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IU Health’s Small Hospitals Bring Healthcare to Counties that Need It
One million dollars a year. That’s the estimated expense that Indiana University Health is planning on covering as it adds yet another county hospital to a network that now includes 15 such facilities serving an area that encompasses everything between Bloomington and Muncie. The newest facility to join that roster of small county healthcare centers is Frankfort Hospital, which was previously under the operational control of St. Vincent. IU Health’s network system of hospital facilities … [Read more...] about IU Health’s Small Hospitals Bring Healthcare to Counties that Need It
Recognizing the Benefits of Estate Planning Trusts
The desire to protect wealth and pass it on to one’s heirs has been around since ancient times. Though they may have differed with respect to their ambitions, kings, nobles, and commoners all shared a common desire to secure some type of legacy for their children and other heirs. That desire remains a motivating force for many millions of people in modern times. The difference is that we no longer squirrel away our legacy treasures in royal vaults or hidden corners of our cottages. Instead, we … [Read more...] about Recognizing the Benefits of Estate Planning Trusts
Why Your Business Structure Matters
When you’re committed to sound estate planning, there are many different things to consider. If you own your own business and want to create a sound estate plan, those considerations quickly multiply. Though many business owners never realize it until it’s too late, your company can have a major impact on important estate plan considerations ranging from tax concerns to asset protection. More importantly, a failure to recognize that potential impact could have dire consequences for the … [Read more...] about Why Your Business Structure Matters
Can an Indianapolis Estate Planning Law Firm Work for Your Planning Needs?
If you’re one of the millions of Americans who’s finally getting around to thinking about estate planning, it may be tempting to cut corners and seek the easy way out. After all, if you believed everything that you read online, then there’s a good chance that you might assume that you can get by with some cheap, fill-in-the-blank form that you find advertised online. If you’ve been even a little bit tempted to go that route, you might want to rethink your options. The fact is that you could be … [Read more...] about Can an Indianapolis Estate Planning Law Firm Work for Your Planning Needs?
The Rising Popularity of Medicaid Planning
With well more than half of all American adults currently projected to need long-term care at some point in the future, the issue of nursing home costs has taken on even more importance in recent years. As anyone who’s followed the news knows, those costs have skyrocketed in the last several decades, and have reached the point where large numbers of Americans can expect to pay around $200 a day or more for their nursing home care. Obviously, most people won’t have those sorts of resources around … [Read more...] about The Rising Popularity of Medicaid Planning
How the LLC Limited Liability Can Aid Your Estate Planning Efforts
If you’ve been worried about leaving your assets vulnerable to predatory lawsuits, creditors, and other risks, you’re not alone. That’s one of the biggest concerns drawing so many Americans to estate planning these days. The problem that so many people have, however, is that they often end up failing to match their actual concerns with the right solutions. As people seek out free and low-cost estate planning tools on the internet and elsewhere, they often fail to understand that these tools … [Read more...] about How the LLC Limited Liability Can Aid Your Estate Planning Efforts
Your Essential Guide to Business Planning Basics
When it comes to estate planning, it’s easy to lose track of how your different interests intertwine and affect your broader strategy. Case in point: business planning. If you are the owner of a business, it’s not enough to simply prepare a Last Will and Testament, create powers of attorney, and maybe toss in a trust or two. Even if you accomplish all those goals, you will have still missed your target if you fail to use sound business planning to deal with the company that most likely … [Read more...] about Your Essential Guide to Business Planning Basics
Former Surgeon General Offers Remarks about Indiana Healthcare
As the keynote speaker for the Katherine Ratliff Memorial Conference at the University of Indianapolis late last month, Joycelyn Elders had a great deal to say about healthcare in the state of Indiana. As former President Bill Clinton’s Surgeon General of the United States from 1993 to 1994, Elders was a lightning rod for controversy due to her outspoken support for ideas ranging from drug legalization to instruction that would teach schoolchildren how to masturbate – as part of an overall … [Read more...] about Former Surgeon General Offers Remarks about Indiana Healthcare
The Many Benefits of the Irrevocable Trust
If you’re considering estate planning beyond using just a simple will, and have been told that a revocable trust is the only kind of trust you should ever consider, then it’s time for a second opinion. While revocable trusts are fantastic tools that can help you to avoid probate, secure efficient distribution of assets when you die, and maintain control over those assets during life, they are far from perfect. More importantly, there are a host of benefits that they simply cannot provide. To get … [Read more...] about The Many Benefits of the Irrevocable Trust
