Lawrenceburg Indiana Bankruptcy and Estate Planning Blog
It’s time to talk about long term care with your aging parent
Long term care is something that many people will need as they age. Whether that means getting in-home health care or going to a nursing home, at some point, most people will need some assistance. Long term care is there to help with providing your loves one support...
Can Medicaid take a portion of your parent’s estate?
Qualifying for Medicaid as an older adult often requires careful planning. Those at or past the age of retirement may give strategic gifts to their loved ones or even place their most significant assets, like their retirement account, into a trust to ensure that their...
How do revocable and irrevocable trusts differ?
A trust is a valuable estate planning tool that enables the creator to pass assets down to others without having to go through the probate process. Trusts also provide a measure of privacy for all parties involved since the contents of the trust aren’t public record....
Planning for the costs of a nursing home
Many people have to spend at least some time living in a nursing home in the later years of their life. These homes give them a chance to have social groups, get around-the-clock care and live in a comfortable, safe setting -- something they may not have in their own...
How to bring up estate planning with your parents
You know that your parents have not done their estate planning. You also know that they’re going to need it sooner rather than later. What you’re not sure how to do is to bring it up. It feels like it could be a somewhat awkward and difficult conversation, and you...
How to choose an executor for your estate when you’re single and don’t have children
The executor of your estate is the person who is entrusted to follow your wishes, settle your debts and distribute your remaining assets to your heirs. They’ve got a big job ahead of them when you die. Most people pick their spouses or adult children to be their...
Filing and paying taxes are important parts of probate
Settling or administering an estate, possibly with the help of the probate court, is a complex process that requires a lot of work and attention to detail. One of the first steps and executor will need to take is to make an inventory of all the assets that the...
Who pays your parents’ debts when they die?
Your dad was terrified of flying. So when he was alive, your parents’ holidays were limited to places they could reach in the car. When he died, mom decided to travel to all those places she had never been able to. Over the last year, she visited Venice, took a yoga...
Do you know the warning signs of Alzheimer’s disease?
Alzheimer's disease is probably the most well-known condition associated with cognitive decline in the later years of life. Sadly, many people still don't know how to recognize its warning signs. There are unfortunately tens of thousands of Americans who will likely...
The importance of planning guardianship for your children
Have you seen the movie “Annie” about an orphan girl? Things come right for her in the end, but life is pretty tough as a child without parents. Have you considered the possibility that your children could become orphaned? You and your spouse get in the car to head...
