When you enter your senior years, you may anticipate a peaceful and carefree existence. Most elders residing in Carmel, Indiana, do not expect an illness or other incapacitating event to occur, especially those that take steps to remain fit. Unfortunately, life...
Powers of attorney are important estate planning documents. The two main types are legal (financial) and medical. We have already touched on how a financial power of attorney (POA) works, so now it’s time to consider a medical power of attorney. For many people, it...
You want to use your will to divide all of your assets, if possible, and you know that this document is where you can split up the physical assets you own, your family heirlooms and the cash you have in various accounts. You simply have to state which assets you want...
When we are children, we believe everything our parents and grandparents say. Even as we age, most of us still look to our elders for guidance through life’s many challenges. An unfortunate side effect of this unfailing trust in our elders is the inability to...
People often don't realize the limitations of Medicare until they don't have the coverage they need. Medicare doesn't offer very robust rehabilitation coverage. It also won't pay for skilled in-home nursing support or nursing home expenses. Therefore, many people find...
There are a variety of reasons someone may relocate from one state to another. A move for a job or returning home after retirement are just two reasons why people do so. If you've taken steps to craft an estate plan, including drafting a will, then you're ahead of the...
Estate planning may seem like a daunting process. It doesn't have to be, though. Some pre-planning can help the process move along seamlessly. One thing that you can pre-plan for is who will be your estate's executor (sometimes known as a personal representative)....
There are many things to consider when you’re creating an estate plan. While you might be focused on making sure your loved ones get the assets you want them to have, you also need to think about who will make decisions for you if you can’t do it yourself. One...
A trust eventually needs a trustee to manage it, and that position is both important and filled with responsibility. Unfortunately, not every trustee lives up to the challenge. Know that you can petition a judge to remove your trustee no matter what type of trust you...
The death of a loved one is even more challenging if they chose you as their personal representative. If they made a will, it needs to pass through probate before you can distribute assets. What can slow the probate process? Probate is a legal check to ensure all is...