There are many reasons it’s NOT a good idea to transfer ownership of your home to an adult child.
A Very Much Not-Now estate Planning Move
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Estate Planning
First National Bank of Grandma and Grandpa
Many grandparents choose to lend money to their grandchildren. The estate planning needs to specify whether the loan will be forgiven, and their are tax rules that must be followed.
It’s the Decisions, Not the Documents
While estate planning certainly involves the drafting of documents, the important part is the thinking about the best course of action to benefit our family members, ourselves, and the causes we hold dear.
Testamentary capacity and estate planning
Every state, including Indiana, has its own guidelines and laws regarding the signing of legal documents, such as a last will and testament. While laws may vary by state, there is at least one regulation that exists across the board. For a will to be legally...
‘Tis the Season to Think About the 5 Taxes That Can Affect Your Estate
There are five kinds of taxes that can affect your estate..
Generational Opportunity for Only a Few; a Wake-up Call for Many
The 2017 Tax Cuts and Jobs Act had doubled the amount for paying estate tax. Now that advantage is dur to expire in 2025, dramatically reducing the tax exemption. While only high not clients will be directly affected, all clients need to review their estate and tax planning.
Weighing Estate Planning Decisions on an Importance Scale
Estate planning is about decisions, not about documents, and decisions are weighted on a scale of importance in each situation..
2 Reasons Transferring Title of a Home to an Adult Child is a Bad Idea
There are two important reasons it is NOT a good idea to transfer a home into the name of an adult child for the purpose of qualifying for Medicaid….
Couples, Finances, and Estate Planning
Co-managing finances, while respecting the needs of each spouse, an be a challenge even for “traditional” couples.Legal advisors must take a sympathetic and compassionate approach as couples deal with legal considerations.
In Selling a Business, Preparation is the Secret to Success
While we help business owners prepare for success, we must also help them be prepared for adverse circumstances j- and to think ahead to how they want to transfer their business to others someday in the future.
