Do you ever feel others have their lives so much more organized than you? That they’ve taken care of the things that responsible adults are meant to, and it's only you that hasn’t. If so, you’ll be delighted to learn most people do not have an estate plan. According...
Age Gracefully With A Plan In Place
Year: 2024
Avoiding 3 common pitfalls when trust planning
Once used almost exclusively by the ultra-wealthy, trusts have become increasingly popular estate planning tools for people of relatively modest means – and for good reason. Trusts can safeguard assets, minimize estate taxes and make it easier to transfer wealth to...
3 steps for handling debts during Indiana probate proceedings
Proper estate administration requires adherence to testamentary documents and state law. The personal representative overseeing the probate process must file tax returns and pay someone's debts during the probate proceedings. Carefully following probate rules is very...
How receiving Medicaid benefits can endanger someone’s legacy
Even those who save diligently for their retirements often can't pay for the costs of long-term care needs out of pocket. If someone needs nursing support to stay in their home or a room in a nursing home, they may require insurance to help cover their expenses. The...
3 reasons why second spouses don’t make good executors
You never expected to find love later in life, but a lot of people do – and you got lucky. You naturally want to make room in your estate plans for your second spouse, but you should probably think twice about naming your new spouse as your executor. Choosing the...