The incoming administration has revealed a plan to repeal the step-up in bases at death. Learn about adjusting estate planning strategies to fit a potential no-step-up reality..
Hoosier Estate Planner
Planning for Children with Special Needs
Estate planning requires specialized planning when you have a child with special needs. Looking to the future as to how your child will be able to function in the world as they age is particularly tricky to assess. What is the child’s long-term prognosis and what type...
Smart Gifting in 2021 Focuses on the Need
Estate planning has “gotten a raise’ in terms of the increased estate and gift tax exemption, but even more important, the effects of the pandemic has focused attention on the need – the needs of family members, and the needs of charitable organizations.
Your Personal Possessions: Memories Are Made of These
Suppose that your estate plan is all set. It will be taking care of your home, savings, and investments, making sure that your family will get those valuable estate items fairly and efficiently. Your plan will also protect your legacy from your children’s potential...
Estate Planning Gets a “Raise” in 2021
In 2021, the estate and gift tax exemption rises. Learn how current giving can benefit both donor and donee.
Senior Taxes, Money, and Retirement in a Biden Administration
The advent of a Biden Administration could bring significant changes to the current landscape for older Americans. Biden has outlined what he would like to accomplish for older Americans, and this article is intended to summarize some of those plans. Social Security...
Veterans’ Benefits – Too Often Under-Utilized and Incompletely Understood
More than six million Viet Nam war veterans are still alive, most retired. An important part of our practice consists of helping veterans and their survivors obtain VA benefits.
Why Your Favorite Charity and your IRA Ought to Meet
Our tax laws serve as good matchmakers, helping magic happen when your favorite charities and your IRAs “meet”.
Will Your Heirs Contest Your Will?
When designing a first-time estate plan, many people overlook several common issues. Estate plans consist of a complex collection of important financial documents, prompting people to focus on inheritances, trusts and beneficiaries. Few parents consider that one of...
Is Equality the Best Policy in Estate Planning?
Should all children be treated the same in an estate plan? Not everyone agrees whether that should be the case. If you are going to create an imbalance, talk over that decision with your children now, is the advice.
