“Make sure your life insurance policy correctly lists your beneficiaries and how you want the money divided because you won’t be around to fix any mistakes if it’s not,” Natasha Cornelius writes inQuotacy. Primary, secondary, and tertiary beneficiaries If 100% of the...
Month: March 2018
When It Comes to Nursing Home Care, Haave a healthy Respect for the Doctrine
You might be responsible for your spouse’s medical bills even if you didn’t sign a thing, writes Mark Cappel in bills.com. It’s called the Doctrine of Necessaries Rule. In Indiana, a spouse can be obligated to pay for medical care received by the other spouse if the...
New Securities and Exchange Commission Rule to Protect Seniors
The same sheriff is in town, but there are some brand new rules. The Securities and Exchange Commission just last month approved - FINRA Rule 2165, officially called the Financial Exploitation of Specified Adults. What’s it all about? Financial services companies are...
Typed, Handprinted, or Written? When It Comes To Wills, Take Your Pick
When it comes to a will, any person of sound mind over the age of 18 (or who is younger and a member of the armed forces) may – and absolutely should - execute one. In Indiana, the document must be signed and acknowledged in the presence of two or more witnesses. ...
Legacies and Legatees – Not Always the Perfect Match
“As baby boomers grow older, the volume of unwanted keepsakes and family heirlooms is poised to grow – along with the number of delicate conversations about what to do with them…As these waves of older adults start moving to smaller dwellings…they and their kin will...
