What is a Power of Attorney in Indiana? from Paul Kraft As the grantor of the power of attorney, you decide on the extent of the power you are granting. Learn more about Power of Attorney in Indiana in this presentation. … [Read more...] about What is a Power of Attorney in Indiana?
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What Are the Formal Requirements for a Valid Last Will?
The estate planning device called a last will or last will and testament is the most commonly understood asset transfer vehicle. Most people are aware of the fact that you can state your final wishes regarding the postmortem distribution of your resources with a last will. A person who creates a last will is called the testator. In the document, the testator will typically nominate an executor or personal representative. This is the person who will administer the estate … [Read more...] about What Are the Formal Requirements for a Valid Last Will?
Does Your Estate Plan Need a Tune-Up in 2015?
Each year people tend to make resolutions, and in many cases, you will resolve to take care of things that you have been procrastinating about. This should enter the picture if you have not reviewed your estate plan in some time. Estate planning is not something that is permanently accomplished in one sitting, unless you concoct your estate plan while you are lying on your death bed. If you are responsible about making sure that you have all of your bases covered, you will take … [Read more...] about Does Your Estate Plan Need a Tune-Up in 2015?
Can an IRA Be Part of My Estate Plan?
When you are planning for retirement, your individual retirement account (IRA) may well be the centerpiece around which you build your nest egg. There are two different types of individual retirement accounts that are widely utilized: traditional individual retirement accounts, and Roth IRAs. They are similar in some ways, and there are also major differences. Traditional IRAs You can start to take penalty-free withdrawals when you reach the age of 59.5 with either type of … [Read more...] about Can an IRA Be Part of My Estate Plan?
Estate Tax Expansion Included in 2016 Budget Proposal
Each year the White House releases a proposed budget for the following year, and as you may imagine, there is a great deal of ground to cover when you are talking about that much spending. As a result, the hefty volume is referred to as the "blue book." The budget proposal for 2016 has been released, and it includes an expansion to the federal estate tax. If this budget was to be adopted, many more families would be exposed to the death levy. To understand the proposal, you … [Read more...] about Estate Tax Expansion Included in 2016 Budget Proposal
What Is a Self-Settled Special Needs Trust?
A self-settled special needs trust is a type of trust that would be created for the benefit of a person with a disability. We will look at the details in this blog post. Medicaid Coverage Many people with disabilities require very expensive care and treatment throughout their lives. The total bills could add up to reach seven figures over the years, so health insurance is essential for these folks. Medicaid is a government run health insurance program. It is jointly … [Read more...] about What Is a Self-Settled Special Needs Trust?
What Is a Limited Liability Company?
When you are the owner of a business or a professional practice, you may be concerned about litigation. You can limit your exposure if you implement the appropriate asset protection strategies. One asset protection structure that is frequently utilized by small business owners is the limited liability company or LLC. If you create a limited liability company, the business property would be separate from your personal property. As a result, if the business was targeted by … [Read more...] about What Is a Limited Liability Company?
Free Report: Is Probate in Indiana Always Required?
Most seniors will qualify for Medicare when they reach the age of 65. You gain eligibility by earning retirement credits. You can earn up to four credits per year when you are working and paying taxes. Once you have at least 40 credits, you will qualify for Medicare once you reach the age of eligibility. Topics covered in this report include: Medicaid and Long-Term CareMedicaid Planning Strategies Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Is Probate in Indiana Always Required?
What Are the Disadvantages of a Power of Attorney?
A power of attorney is a legal document that you can use to give another person the ability to act on your behalf. It can be necessary to grant a power of attorney under some circumstances, but there is an inherent disadvantage that is readily self-evident. It can be disconcerting to allow someone else to act for you, but you are clearly going to name a representative that you trust implicitly. Plus, to protect yourself, you could grant a limited power of attorney. With a … [Read more...] about What Are the Disadvantages of a Power of Attorney?
Will Medicare Cover All of My Health Care Costs?
We provide holistic assistance for people who want to be fully prepared for the eventualities of aging. One thing leads to another, so you should prepare for your active retirement years and the twilight years that will follow. Medicare is an important piece to the puzzle. Most people are aware of the fact that Medicare is a government health insurance program that is intended to provide health care coverage for senior citizens. Everyone does not automatically qualify for … [Read more...] about Will Medicare Cover All of My Health Care Costs?
