“Bucketing” is a way to give form and function to estate planning, anticipating not only your own future needs, but those of your beneficiaries at different stages of their lives.
Another Look at “Bucketing” Your Estate Plan
read more
Hoosier Estate Planner
The 25-or-Thrive Parent Retirement-Planning Challenge
When adult children become dependent on their parents for financial support, parents’ estate planning needs to be adjusted to those realities.
Donating Now, Designating Later
Donor-Advised Funds allow parents and children to participate together in choosing charitable causes to benefit, while taking a tax deduction in the year of the contribution.
Looking Back to Leave Richer Future Legacy
Ancestry tourism is a recent travel trend in which people explore their heritage. In leaving “heritage” memories, access to digital assets must be part of your estate plan.
Could your child benefit from a special needs trust?
Raising a child with special needs represents a particular kind of pressure. For example, if you are a parent of a child with a significant disability, you know that you need to think about their long-term care and stability in ways that you wouldn’t for a child...
“Bucketing” Your Estate Plan
Bucketing one’s estate plan means anticipating heirs’ needs at different states in their lives.
You Can’t Leave ‘Em Money; You Can Ensure Their Care
Pets cannot inherit money or assets, but owners can ensure their pets are cared for in the event of a disability or death of the owner.
For Later-Rather-Than-Sooner Divorce, New Directives Needed
When older people divorce, the entire estate plan needs to be reviewed and new documents are often mandatory.
“Trump Accounts” Provide Food for Thought for Grandparents
The availability of the new “Trump accounts” raises questions about gifts to grandchildren as part of one’s overall gift strategy and estate planning.
Gearing Up for Elder Medical Bills
It’s hard to gear up for the unpredictable, but it’s crucial to prepare for the inevitable need for medical care as we age. Navigating the Medicaid system may be part of the puzzle.
