The high costs associated with nursing home care in the United States can be a major concern for many seniors and their families. If you know or suspect that you might need long-term care, you too may be worried about the prospect that all of your hard-earned retirement savings might be consumed by those costs – and there’s good reason for that concern. The fact is that nursing home care can exceed $200 a day in many areas of Indiana, and few seniors can afford those kinds of expenses. There is … [Read more...] about Beat the High Cost of Nursing Home Care with a Medicaid Attorney in Indianapolis
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The Importance of Pet Planning; Don’t Forget Your Furry Heirs!
Anyone who thinks that Americans don’t focus an extraordinary amount of money, time, and energy on their pets simply hasn’t been paying attention. By most estimates, the people of the United States spend tens of billions of dollars each year on food, grooming, clothing, veterinary services, and a host of other amenities for the country’s roughly 400 million pets - including $58 billion in 2014 alone. To put that into context, that amount represented about five times what American spent at the … [Read more...] about The Importance of Pet Planning; Don’t Forget Your Furry Heirs!
Weighing the Cost of Probate in Indiana
In the state of Indiana, the probate process is a vital component in the estate settlement process. When a person dies, the estate that is left behind needs to be closed in a rational and orderly manner. Probate in Indiana provides that mechanism with a court-supervised process that ties up all of the loose ends that remain in the aftermath of the decedent’s passing. The deceased’s assets are identified and appraised, his or her creditors have an opportunity to make their claims against the … [Read more...] about Weighing the Cost of Probate in Indiana
Tasked with Trust Administration? Get the Help You Need!
Trusts have been gaining in popularity in recent years, as more people learn about the many benefits they can provide when used as part of a comprehensive estate planning strategy. For the grantor and beneficiaries of any trust, those benefits can include everything from tax savings and efficient financial planning to reduced asset transfer delays, increased privacy, and more. For the successor trustee charged with eventual administration of the trust, however, the role comes with an incredible … [Read more...] about Tasked with Trust Administration? Get the Help You Need!
Indiana Legislative Panel Focuses on LGBT Civil Rights
LGBT civil rights have been in the news quite a bit in recent years, and issues surrounding concerns over sexual orientation and gender identity don’t look as though they’ll be fading into the background any time soon. After last year’s uproar over Indiana’s Religious Freedom Restoration Act resulted in even more controversy, it was almost inevitable that the issue of civil rights would continue to play a prominent role in the state’s political landscape in 2016. True to form, the scheduled … [Read more...] about Indiana Legislative Panel Focuses on LGBT Civil Rights
Confused About How to Pay for Nursing Homes in Indianapolis?
If you’re like most people, you probably haven’t given much thought to things like long-term care for yourself or your spouse. Chances are, you’re just too busy living to spend much time thinking about things that might or might not be important later on in life. If you’ve had a health scare or a recent injury, however, that dynamic may have changed. There are times in life when our own frailty and mortality can simply no longer be ignored. If you have started thinking about the possibility that … [Read more...] about Confused About How to Pay for Nursing Homes in Indianapolis?
Do it Yourself (DIY) Wills: Will They Actually Cost You More in the End?
If you’re like most people, you may not be aware that only about 45% of all Americans have made out a Last Will and Testament. Given the important role that estate planning plays in end-of-life decisions, that number should come as a shock. Even among those who have created wills, a surprisingly large number of them have written the documents on their own – either from scratch or using one of those free or low-cost do-it-yourself Last Will and Testament forms you can find online. This can … [Read more...] about Do it Yourself (DIY) Wills: Will They Actually Cost You More in the End?
Make the Most of Your Estate Planning with an Indianapolis Trust Attorney
Do you have an estate plan already in place, or are you one of the roughly fifty-five percent of American adults who have never even gotten around to creating a basic Last Will and Testament? For many of us, that’s an uncomfortable question to consider, since conversations about things like wills, trust, estates, and inheritances just remind us of our own mortality. The fact is, though, that these are issues that we all eventually need to address – because if there is any one thing in life that … [Read more...] about Make the Most of Your Estate Planning with an Indianapolis Trust Attorney
How Retirement Planning Can Impact Your Estate Planning Strategy
How Retirement Planning Can Impact Your Estate Planning StrategyEmployment-based retirement plans are still an important part of many Indiana residents’ portfolio, but many people in the state are still only somewhat aware of how those plans can impact their end-of-life planning efforts. According to recent estimates, about 63% of all workers in Indiana have some type of access to retirement plans offered or sponsored by the companies that employ them. About 57% of those employees actually … [Read more...] about How Retirement Planning Can Impact Your Estate Planning Strategy
How Living Trust Benefits Can Strengthen Your Estate Planning Strategy
It’s really not surprising to see just how many families believe that living trusts have no place in their estate planning strategies. Trusts were originally reserved primarily for the wealthiest of individuals and their families, and that old dynamic has had a lasting impact on the way many of today’s families continue to view them. Unfortunately, that misconception is preventing many people from receiving the living trust benefits they might otherwise enjoy – and making it even more difficult … [Read more...] about How Living Trust Benefits Can Strengthen Your Estate Planning Strategy
