Until this year, Indiana was ranked at the bottom of all states for support of family caregivers, but the CARE Act, a law that went into effect January 1, 2016, now provides better assistance for the 1.3 million Hoosiers who care for loved ones. The acronym CARE...
Month: September 2016
Families Face End of Year Deadline for Business Transfers
Not every family member who owns a business intends to pass that business on to other family members. But for high-net-worth families who are over the estate tax thresholds, just a few months remain to engage in transfer planning before some new, stricter, Treasury...
Help! I’ve Just Become an Heir!
“Contrary to popular belief, the estate attorney handling the estate represents only his or her client, who is the executor of that estate….” Therefore, he or she is under no obligation to provide advice to any of the heirs as to their legal rights, Inheritance...
What-If Business Succession Strategies
“Indiana is a state where entrepreneurs see promising developments,” writes Adam Uziolko in Business News Daily. In fact, Indiana has more than 450,000 small businesses. Owners of closely held businesses have special needs. The problem is, however, that too often...