OUR PHILOSOPHY is . . . to provide our services with concern and compassion for those we serve; ... to be an employer that provides a pleasant work environment and encourages the professional development and growth of its employees; ... to contribute to the communities in which we live and the professions to which we belong; ... to grow, but to never lose sight of the value of maintaining a personal relationship with our clients, who are the backbone of our practice.

Medicaid Planning with the Family Farm or Cottage

In the not to distance past the largest obstacle to passing property to the next generation was estate and inheritance taxes, now those taxes are nearly non-existent.  Last year, effective January 1, 2013 the Indiana Inheritance tax expired, and for tax year 2014, a decedent can have up to $5.34 before the estate tax is imposed.  So unless a married couple has in excess of $10.68 million dollars, it is unlikely a penny of estate or inheritance tax will be paid.

            So what is the largest obstacle to passing property to the next generation now? It’s the cost of long term care, i.e. the nursing home.  Nursing home residents have to pay in excess of $70,000 a year to be in a place no one really wants to be.