October 23rd, 2014

Latest Articles

IRA’s Get Better in Indiana

IRA’s Get Better in Indiana Recent Medicaid rule changes have made IRA investments even more valuable for Hoosiers. As of June 1, 2014, IRA accounts (including 403b, Keogh accounts, and other tax-deferred accounts funded with pre-tax dollars) no longer count as assets if your spouse has to enter a nursing home! While no one wants to go to a nursing home, there are times when nursing home care is needed. With the cost of nursing home care at $6,000 a month on average in Indiana, few Hoosiers can afford to pay for their care for very long. Medicaid pays for most folks’ stays in nursing homes in Indiana. When a spouse goes into a hospital and/or...

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Medicaid Planning with the Family Farm or Cottage

Medicaid Planning with the Family Farm or Cottage In the not too distant 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 million before the estate tax is imposed. So, unless a married couple has in excess of $10.68 million, 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 ho...

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Seminar Information

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Tue 28

Long-Term Care Planning

October 28 @ 6:00 pm - 8:00 pm

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