Category: Estate Planning

Four Reasons Not to Leave Your Disabled Child’s “Inheritance” to your Non-Disabled Child

John and Nancy have two children, Michael and Maria.  Maria is disabled and receives a number of public benefits to support her care needs.  John and Nancy intend to leave their entire estate to Michael.  Their logic is that Maria will continue to receive public benefits since she will have no additional assets in her […]

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Estate Planning to Protect Assets from Long Term Care Costs

The tightening of public benefits eligibility rules favor those with time to plan. If you have a family asset that is important to protect, whether it be a family business, farm, or accumulated savings, planning early can ensure those assets can be passed to the next generation. Information and articles from our website are presented […]

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Spring Clean Your Estate Plan

  Spring clean your estate plan.  Review your estate plan as part of your spring cleaning. Ensure that it is up-to-date to meet your needs and goals. You should review your estate plan team, beneficiaries, and team instructions. Here is a form for the Estate Plan Team Instruction Manual.   Information and articles from our […]

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Legislature Fixes Document Recording Nightmare

The Indiana General Assembly has fixed the Indiana statute on recording documents.  Last summer, we reported on an unintended change to the Indiana recording statute that was causing major headaches for 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 […]

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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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