“The administration of an estate operates on the same principle that applied while the testator was alive: A person must first attend to his owns debts and expenses before he can give away what is left,” Alexander A. Bove, Jr., explains in The Complete Book of Wills,...
“Long term care is generally defined as hands-on assistance provided for an extended period of time to people who can’t take care of themselves due to a prolonged disability, illness or cognitive impairment such as Alzheimer’s disease,” AARP explains. As elder law...
Jeff Anderson, writing in aplaceformom.com, lists ten reasons families members have tended to fight among themselves about senior care issues: Siblings view parents’ needs differently Parents resist care Family members regress to earlier roles and past issues...
Until this year, Indiana was ranked at the bottom of all states for support of family caregivers, but the CARE Act, a law that went into effect January 1, 2016, now provides better assistance for the 1.3 million Hoosiers who care for loved ones. The acronym CARE...
Not every family member who owns a business intends to pass that business on to other family members. But for high-net-worth families who are over the estate tax thresholds, just a few months remain to engage in transfer planning before some new, stricter, Treasury...
“Contrary to popular belief, the estate attorney handling the estate represents only his or her client, who is the executor of that estate….” Therefore, he or she is under no obligation to provide advice to any of the heirs as to their legal rights, Inheritance...
“Indiana is a state where entrepreneurs see promising developments,” writes Adam Uziolko in Business News Daily. In fact, Indiana has more than 450,000 small businesses. Owners of closely held businesses have special needs. The problem is, however, that too often...
“When parents are absent or unable to raise their children, grandparents are often the ones who step in,” explains HelpGuide.orghttp://www.helpguide.org/articles/grandparenting/grandparents-as-parents.htm. While raising a second generation brings many rewards, it also...
According to the Tax Foundation, tax policy is shaping up to be one of the major issues of the 2016 presidential campaign. Let’s first review the basics of estate tax law as it now stands: The IRS website defines the tax on estates: “The Estate Tax is a tax on your...
“I’ve found that the two most common times clients revise an estate plan are when a vacation is coming up and when a friend or family member has just died or received a bad diagnosis,” writes Patricia Annino in the CPA Insider. Pointing out the obvious, Annino...
