What is Indiana Legacy Planning from Paul Kraft Legacy planning is a more comprehensive form of estate planning. Learn more about legacy planning in this presentation. … [Read more...] about What is Indiana Legacy Planning?
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Why Should I Consult With an Elder Law Attorney?
When you are traversing your career path and raising your family, you have day-to-day concerns that occupy your thought processes. As time passes, you may start to envision your retirement years, and those active years can be among the best years of your life. It can be difficult to envision the period of time that will follow your active retirement years. At the same time, there are certain eventualities that elders face, and you may want to discuss them with an elder law … [Read more...] about Why Should I Consult With an Elder Law Attorney?
Medicaid Planning FAQs: Can I Get Help in My Home?
When you hear the term "Medicaid planning," you may feel as though it is something that does not apply to you. After all, Medicaid is a health insurance program for people with very limited resources. If you have health insurance, and you will qualify for Medicare as a senior citizen, the notion of Medicaid planning can seem irrelevant to you. While this makes sense on the surface, Medicaid planning is in fact quite important to many elders. This is because of the fact … [Read more...] about Medicaid Planning FAQs: Can I Get Help in My Home?
Should I Change My Living Trust if I Acquire Assets?
When you hear the word "trust," you may assume that it implies a sense of permanence. This can be intimidating, but all trusts are not created equal. There is a type of trust called a revocable living trust that gives you a great deal of flexibility, and these trusts can provide value for a wide range of people. A revocable living trust is a very versatile estate planning document, and this versatility is part of the appeal. Once you convey assets into the trust, things are not … [Read more...] about Should I Change My Living Trust if I Acquire Assets?
Living Trust Seminars Scheduled for April
The legal device called a last will or last will and testament is commonly used in the field of estate planning. If you are not aware of all the facts, you may naturally assume that you should use a last will when you are devising your estate plan. A last will can be effective under some simple circumstances, but before you make any final decisions, you should understand some things about living trusts. Contrary to popular belief, you don't have to be a millionaire to benefit from the … [Read more...] about Living Trust Seminars Scheduled for April
Can a Trust Provide Tax Efficiency?
Tax efficiency can be an important consideration when you are positioning yourself financially. This comes into play throughout your life, and it is also a factor when you are planning your estate. Certain types of trusts can be effective to provide tax efficiency under some circumstances, and there are other types of trusts that would not provide tax efficiency. Let's look at the facts. Federal Estate Tax There is a federal estate tax that high net worth families must … [Read more...] about Can a Trust Provide Tax Efficiency?
What Is the Difference Between a Living Will and a Living Trust?
There can be some confusion with regard to estate planning terms that sound similar. We try to clear some things up on our blog from time to time, and with this in mind, we will look at the difference between living wills and living trusts in this post. Advance Directive for Health Care Most people have heard of the estate planning document called a last will or last will and testament. Since this type of will is used to transfer property, many people assume that a living will does the … [Read more...] about What Is the Difference Between a Living Will and a Living Trust?
Is My Spouse Protected if I Apply for Medicaid?
If you have saved diligently for retirement as you have traversed your career path over the years, you may wonder why you would ever want to apply for Medicaid. After all, Medicaid is a health insurance program for people who are financially needy, and you have resources. Plus, you would not need Medicaid anyway, because you will qualify for Medicare when you reach the age of 65. This is a logical rationale, but in reality, many seniors who were never poor ultimately apply for … [Read more...] about Is My Spouse Protected if I Apply for Medicaid?
Free Report: What is Legacy Planning in Indiana?
It is possible to take estate planning a step further and engage in the process of legacy planning. This is a more comprehensive effort, and when you craft your legacy, you shape the way that you will be remembered. Topics covered in this report include: Tax ConsiderationsEducational OpportunitiesPhilanthropic ActsFamily HeirloomsEthical WillPersonal Memoirs Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What is Legacy Planning in Indiana?
What Is Trust Administration?
When you look into the facts, you may decide that you would like to use a revocable living trust as your primary vehicle of asset transfer. These trusts provide a number of different advantages that you would not enjoy if you were to use a last will. The creator of the trust is called the grantor in legal parlance. A trust will have a beneficiary who receives monetary distributions, and there is also a trustee. With a revocable living trust, the grantor will typically act as … [Read more...] about What Is Trust Administration?
