Category: Estate Planning

Getting Comfortable With Estate Planning Terminology

Some people feel uncomfortable meeting with an attorney to discuss their estate planning needs because of an unfamiliarity with the law. A good lawyer will discuss your available options in simple terms that a person with no legal training can comprehend. You can also relieve some of that hesitancy by familiarizing yourself with legal terminology […]

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Annual Long-Term Care Survey Finds Steep Rise in Assisted Living Facility Costs Amid Pandemic

All long-term care costs rose sharply in 2020, but assisted living facility costs increased the most, according to Genworth’s latest annual Cost of Care Survey. The across-the-board rises were due in part to increased costs brought on by the coronavirus pandemic. In the past year, assisted living facility rates grew 6.15 percent for a median […]

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Special Tax Deduction for 2020 Allows Donations of $300 to Charity Without Itemizing

  As we enter the giving season, there is an additional reason to be charitable. Congress enacted a special provision that allows more people a deduction of up to $300 in donations to a qualifying charity this year without itemizing deductions. Since the increase in the standard income tax deduction in 2018, only 11 percent […]

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How to Fix a Required Minimum Distribution Mistake

You can fix a required minimum distribution mistake from a retirement account.  The rules around required minimum distributions fare confusing, and it’s easy to slip up. Fortunately, if you do make a mistake, there are steps you can take to fix the error and possibly avoid a stiff penalty. If you have a tax-deferred retirement […]

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Jeff Stinson to Present Seminar on Health Care Advance Directives

In conjunction with Indy Real Estate Experts, at Century 21 Scheetz, Jeff Stinson will be be presenting a free live workshop entitled, “Health Care Advance Care Planning, Do You Have Your Plan?” In this workshop, Jeff will review how to appoint your health care surrogate, how to document your desires in the matter of life […]

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Recent Change to Recording Statute Causing Headaches

The change of one word in the Indiana statute on recording is causing headaches for some individuals trying to record instruments.  Senate Enrolled Act No. 340 amended Indiana Code 32-21-2-3 so that as of July 1, 2020, any document to be recorded in Indiana must have both a notarized signature of the grantor of the […]

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