As you make your estate plan, one thing you may consider is setting up a power of attorney. When you do this, the documents allow you to choose an agent. You are giving them – the agent – the power to make decisions for you. The general reason that people do this...
You’ve heard that a will can help protect your family and loved ones even after you die and ensure your final wishes are respected. At the very least, drafting a last will can help you spell out how your assets should be distributed once you’re gone. Drafting a last...
Setting up your estate plan requires you to think carefully about what you want to happen when you pass away. Your loved ones will use the plan to determine how to handle your assets. Many people don’t realize that an estate plan is much more than that. Your estate...
An estate plan is not like a pint of milk. There is no expiration date. However, while it can have a long life (all the way until you die), you might want to replace it with a fresh one every so often. Why do this if it does not expire? Because your situation will...
No matter how detailed you are in your will about listing the beneficiaries of your various assets, you’re sure to leave something out. Even if you neglect nothing when you draft your will, you’ll likely accumulate other assets later. You don’t want to modify your...
As your parent age and lose their ability to care for themselves, you should consider weighing the available options. If anything, you want to be sure that your folks can live as comfortably as possible during their sunset years. For most adult children, the decision...
An important part of estate planning is thinking about what kind of legacy you want to pass on to your children, grandchildren and generations to come. Many grandparents believe the best way to help ensure that their grandchildren get the best possible opportunities...
You’re used to your parents making important decisions and taking the lead. After all, that’s what they did when you were growing up. But, the reality is that age catches up with all of us and we are not always going to be able to handle our own finances. As your...
Medicaid is a program that assists low-income seniors with medical costs. When a senior applies for the program, Medicaid will conduct a five-year look back. Because Medicaid is a program for people with low income, the financial records and assets of the applicant...
For many Indiana estates, the home of the deceased will be the most valuable property they leave for their loved ones. Sometimes, a beneficiary will assume possession of the home and live there. Other times, the executor will have the responsibility of selling the...
