In 2021, the estate and gift tax exemption rises. Learn how current giving can benefit both donor and donee.
Estate Planning Gets a “Raise” in 2021
read more
Hoosier Estate Planner
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.
Should You Sidestep Tradition in Naming Your Estate Planning Agents?
While many designate their oldest child as exeucutor, trustee, or Power of Attorney, it is better to select agents in accordance with their expertise and ability to manage those duties.
Six Social Security Changes Taking Effect on January 1, 2021
The Social Security Administration (SSA) publishes upcoming changes to its social security program every October that take effect on January 1 of the next year. These changes can make a difference in how you plan for or live during your retirement years.
IRA Ins and Outs under CARES and SECURE
There are opportunities to use IRA accounts in estate and tax planning because of the two latest pieces of legislation called CARES and SECURE.
Finding the financial resources to pay for long-term care
Your father has suffered from dementia for the past three years, and your mother has been his main caregiver, along with some help from you and a few other family members. But the burden has primarily fallen on your mother’s shoulders, and it has become too much for...
