Estate planning for business owners avoids costly disputes and pain later on. Goals may include keeping the business within the family or selling the business as part of a retirement plan.
Long-term care can cost a fortune. You might save your whole life and still not have enough. There are programs in place to help you get the care you need, but that assistance isn’t guaranteed. A private room in a care facility in Indiana will cost an average of over...
By Cara M. Chittenden As baby boomers age, more and more millennials are becoming caregivers. Many are taking on this role while just getting started in their own lives, leading to difficult decisions about priorities. Proper planning can help them navigate this...
While all couples can benefit from estate planning, same sex couples have special situations that require additional attention.
While one good goal of estate planning is avoiding probate, when it comes to avoiding taxes or debts, probate avoidance just doesn’t “do the trick”. That’s because in Indiana, just as in every other state, creditor’s rights come first, whether that creditor is a...
By Rebecca W. Geyer The silver tsunami of Americans has inspired the technology industry. There are continuous developments and implementations of inventive digital Internet of Things (IoT) solutions that transform the lives of aging adults as well as their...
Estate plans are not complete the first time you draft them. They are suitable for the present, but after three years or so, it is time to take another look. Your life can change in an instant. Life events can alter the nature of how your estate plan should be....
Dividing retirement fund assets during a divorce is all about who's going to be paying the taxes. “Whether you are giving up funds or receiving them, you need to understand the rules that govern asset division in a divorce,” Mark Cussen cautions in Investopedia. There...
You might say estates involve heirs, while estate planning involves beneficiaries. Is there a difference? Yes, and it’s an important one. An heir is a relative or other person who is legally entitled to an inheritance if there is no document specifying otherwise. A...
By Cara M. Chittenden Many people think that estate plans are for someone else, not them. They may rationalize that they are too young or don't have enough money to reap the tax benefits of a plan. But as the following list makes clear, estate planning is for...
