Five Smart Planning Steps Indiana Families Can Take to Safeguard Their Loved Ones Have you ever stopped to consider whether your current plans for the future truly protect the people you love most? Planning ahead is one of the most powerful ways families in…
Each year retirees and individuals receiving benefits watch closely for updates to the Cost of Living Adjustment. For Indiana families this adjustment can play an important role in monthly budgeting and long term planning. Even modest increases may help offset rising expenses related to housing utilities health care and daily…
Online profiles and accounts aren’t addressed in most legacy care plans because most adults don’t have a will. As your online presence grows professionally and personally, taking charge of your digital assets and plans for them after you die becomes…
Generally, parents treat their children equally when it comes to money or property inheritances. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be that a…
In legacy care planning, special needs children require special consideration. You’ll need to assess how your child will be able to function in the world as they age. There are many questions to answer, including: What is the child’s long-term…
Most young parents have no thoughts of dying or becoming seriously ill or injured. As unlikely as such a serious event is when we are young, it is a possibility. This is why we pay for medical insurance, disability insurance,…
The transfer of assets for the benefit of a child with special needs requires careful legacy care planning to protect their needs-based government benefits. It is also important to protect those assets against later claims after your death and, in…
Before seeking medical care, imagine if you were ill and had to decide if you could afford it. Unfortunately, for many Americans, seeking medical care hinges on affordability rather than medical necessity. About half of US adults have gone without or delayed…
A wealth transfer or legacy care planning strategy may include strategies that preserve assets while providing financial benefits to those who inherit them. One such strategy is the grantor-retained income trust (GRIT). GRITs offer a unique opportunity for individuals to…
For high-net-worth families, many legal strategies are employed to preserve wealth and minimize taxes. However, tax laws continually change and can impact new and existing legacy care plans. For example, the SECURE and SECURE 2.0 Act presents some challenges and opportunities…
