[See our Disclaimers page about relying on this website’s contents.] Most people think once in a while about the inheritance that they will leave for others. Some people assume that their wealth will transfer to their family members smoothly and other people believe that they must make detailed plans. To some extent, both ideas are […]

[See our Disclaimers page about relying on this website’s contents.] Alzheimer’s disease, stroke, and other health crises send thousands of people to nursing homes each year. People often want to protect assets from expensive healthcare costs when they discover that the average annual cost of Indiana nursing home care exceeds $71,000. Legitimate asset protection strategies […]

The State of Indiana has published that Indiana nursing home care costs an average of more than $71,000 per year. Fortunately, federal law protects most spouses of nursing home residents from impoverishment. Here are some Indiana’s spousal impoverishment rule features: The Spousal Impoverishment Protection Law applies for nursing home admissions occurring on or after September […]

[See our Disclaimers page about relying on this website’s contents.] We have written articles about estate planning and long-term care for more than a decade to debunk myths and misconceptions that may lead people into unnecessary problems. This article addresses some of those myths and misconceptions about Indiana Medicaid for the elderly. Permitted Annual Gifts. […]

[See our Disclaimers page about relying on this website’s contents.] A report published by the U.S. Census Bureau in 2009, showed that more than 60% of Americans had been married at least once by age 30 and at least 10% of Americans had been divorced by age 30 (https://www.census.gov/prod/2011pubs/p70-125.pdf). If a “traditional” household includes a […]

[See our Disclaimers page about relying on this website’s contents.] The US Department of Veterans Affairs (also known as the “VA”) expresses some of our nation’s respect and gratitude to US military veterans by providing various benefits to veterans, their surviving spouses, and dependent children. Unfortunately, many veterans follow bad advice to pursue the VA’s […]

[See our Disclaimers page about relying on this website’s contents.] Young adults have blind spots about life because they were oblivious during their childhood of many decisions that their parents made for them. They never had to worry during childhood about filing income tax returns or whether to have x-rays or stitches because such decisions […]

[See our Disclaimers page about relying on this website’s contents.] All of our ancestors conducted business by paying with cash. When we were younger, our parents told us that it was irresponsible to live without carrying substantial amounts of cash. Those beliefs may have been valid in the past, but doing business without keeping a […]

Most responsible adults buy insurance to protect against risk. We buy auto insurance protection for liability and vehicle damage. We protect ourselves from expensive healthcare costs with health insurance. Likewise, we can also protect ourselves from expensive nursing home costs with long-term care insurance. Few financial risks justify insurance solutions more than nursing home costs. […]

[See our Disclaimers page about relying on this website’s contents.] People often forget to keep their important papers in order. Disorganization can rob you of the chance to react quickly in critical or important moments. Disorganization can lead to serious errors after your death or if someone is helping you manage your business during a […]