Logo

Category: Estate Planning

How Will the New Tax Law Affect You?

While most of the new tax law – the Tax Cuts and Jobs Act – has to do with reducing the corporate tax rate from 35 percent to 21 percent, some provisions relate to individual taxpayers. Before we get into the details, be aware that almost everything listed below sunsets after 2025, with the tax structure […]

read more

You Can Give Away More Tax Free in 2018, Contribution Limit to ABLE Accounts Will Increase Also

After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018. The annual gift tax exclusion for 2018 is rising from $14,000 to $15,000. This means that any person who gives away $15,000 or less to any one individual […]

read more

Five Valuable Tips When Caring for a Parent at Home

More and more children are living with their parents when their parents begin to need supports for their care.  This situation can occur either with the parent moving in with the child or the child moving in with the parent.  This trend probably won’t reverse anytime soon. Children and their parents are finding that living […]

read more

What to Do with Cremated Remains

Can my ashes be spread anywhere? When we are completing a client’s Funeral Planning Declaration, this is a common question.  We also occasionally receive questions about scattering ashes from individuals who have cremated remains of family members in their possession.  Federal and Indiana laws dictate how and where cremated remains can be disposed.  However, laws […]

read more

9 (Potential) Problems with Your Trust

All trusts (and other estate plan documents) should be reviewed every few years to make sure that they are up-to-date with the law and meet your goals today. Following is a checklist of trust features you can review yourself. But be aware that these only refer to revocable “living” trusts, not to irrevocable trusts. Do […]

read more

Three Reasons You Need More than a Last Will and Testament in Your Estate Plan

You have a Last Will and Testament.  All your assets will be managed and disposed according to your wishes, right?  Probably not.  People often misunderstand what a will does which can have a big impact on how assets are managed and disposed of for you and your family. The Will is Only Effective Upon Death […]

read more