Though there are more than 500 nursing homes in the state of Indiana, it’s safe to say that most residents of the state don’t spend a lot of time thinking about whether or not they’ll need to stay in one someday. Even fewer probably give much thought to the notion that they might one day need help paying for nursing home care – but statistics suggest that most will. And, given the high costs associated with modern long-term care facilities, that also means that many of those people will find … [Read more...] about Why Medicaid Eligibility in Indiana Should Matter to Everyone
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The Importance of Power of Attorney for Indianapolis Residents
If you’ve ever had a family member who suffered from Alzheimer’s diseases or some other form of dementia – or have had someone you love suddenly incapacitated due to other illness or injury, then you are probably already familiar with just how difficult those situations can be. In addition to the stress and worry that incapacitation causes for loved ones, there are also issues related to how an incapacitated individual’s financial and health care decisions are to be made. It is important to … [Read more...] about The Importance of Power of Attorney for Indianapolis Residents
Even with Pence Gone, Indiana Medicaid Expansion is Probably Here to Stay
As most Indiana residents and people around the nation now know, Republican candidate for President of the United States Donald Trump recently chose the state’s governor, Mike Pence, to serve as his Vice Presidential running mate in this fall’s election contest. While the pick provided little by way of surprise for those who understood that Trump was likely to choose a mainstream Republican governor as a balance to his own lack of political credentials, it did raise some questions about how … [Read more...] about Even with Pence Gone, Indiana Medicaid Expansion is Probably Here to Stay
Indiana Medicaid: Dispelling Some of the Most Common Myths
When it comes to senior long-term care, there are few things more important for most of our older loved ones than the benefits available from the Medicaid program. Many Indiana seniors rely on those benefits to pay for nursing home costs that continue to rise with each passing year. Like other income and asset-based programs, however, any senior’s ability to qualify for Medicaid benefits depends on his or her financial situation during the application process. To ensure eligibility, many people … [Read more...] about Indiana Medicaid: Dispelling Some of the Most Common Myths
Why Irrevocable Trusts May be the Perfect Option for your Estate Planning
Estate planning can involve a great number of complex choices. Some are as simple as determining whether or not you actually want your estate to go through probate when you die, diminishing the value of the assets that you leave behind for your loved ones. If you want to avoid probate, however, then your choices can become more complicated – especially when it comes to the use of trusts. It is not enough to just decide that you need a trust to ensure that your assets are distributed properly … [Read more...] about Why Irrevocable Trusts May be the Perfect Option for your Estate Planning
The Annual Gift Tax Exclusion: How it Can Help with Your Estate Planning
As complex as estate planning is in a general sense, many of the finer points involved in creating a sound plan can be even more confusing for the average person. Take estate taxes, for example. You will often hear analysts and others dismiss concerns about this tax on the basis that only about one percent of estates are ever subject to its provisions at the federal level. While there is some truth to that argument, it fails to address a broader truth: though the current law exempts estates with … [Read more...] about The Annual Gift Tax Exclusion: How it Can Help with Your Estate Planning
Estate Planning Tips for Indianapolis Residents to Keep Wealth in the Family
With the estate tax exemption limit currently set at almost five and a half million dollars, many Indianapolis residents might have the impression that estate planning is no longer as important as it once was. Some assume that estates with values below that exemption amount are simply too small to need any sort of complex planning, or that everything will just be sorted out in probate court after they die. The fact is that estate planning is still a critical issue for everyone, since estate … [Read more...] about Estate Planning Tips for Indianapolis Residents to Keep Wealth in the Family
Essential Estate Planning Facts: An Overview of Indiana Inheritance Laws
If you’ve finally reached the point in life where you’re starting to think about estate planning, there’s a good chance that you feel a little bit out of your depth. Proper estate planning often involves much more than just the creation of a simple will – especially when you want to ensure that you’ve taken steps to deal with future incapacity, plan for Medicaid eligibility, and leave behind a legacy for your loved ones. You may be worried about estate tax implications, asset transfers, and a … [Read more...] about Essential Estate Planning Facts: An Overview of Indiana Inheritance Laws
Learn How an Estate Planning Attorney Can Help You Avoid Common Mistakes
When it comes to estate planning, the internet is sometimes viewed by many as a suitable alternative to the professional assistance traditionally relied on by people who need to craft wills, trusts, and other important documents. There are a whole host of sites out there that provide so-called do-it-yourself (DIY) tools that promise readers the ability to simply fill in a few blanks and prepare their own professional documents. While this might seem like a great option for anyone who wants to … [Read more...] about Learn How an Estate Planning Attorney Can Help You Avoid Common Mistakes
The Indiana Probate Process: What Executors Need to Know
If you live in Indiana and have been named as an executor for a loved one’s estate, the task at hand can seem more than a little daunting. Chances are that your family member assigned you that grave responsibility because you were trusted to do the right thing by managing his or her affairs in a responsible manner. The burden involved in executing those responsibilities can create a tremendous amount of anxiety and stress, especially when the process of estate administration is something that is … [Read more...] about The Indiana Probate Process: What Executors Need to Know
