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There are different ways to handle bank accounts for estate planning purposes. If a client merely adds a Payable on Death (“POD”) designation on a bank/credit union account titled solely in the name of the client, then the beneficiary has no right to access funds or information on this account during the life of the client; however, upon the death of the client, the money will transfer automatically to the listed named beneficiary(ies) and avoids 

What is a pooled special needs trust?

Posted by Law Office of Glenn A. Deig on  October 25, 2022 
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A pooled special needs trust is a “pooled” trust combining the assets of many individuals with each disabled beneficiary having a separate sub-trust. The pooled trust is run by non-profit organizations. For Indiana residents, we have the SWIRCA Pooled Trust (812–492‑7441) and the Arc of Indiana Master Trust (317–977‑2375). Both have great support teams and will answer any questions you may have. A pooled trust is established for the sole benefit of a disabled individual that 

My Loved One Needs Nursing Home Care

Posted by Law Office of Glenn A. Deig on  September 25, 2022 
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The difficult decision has been made to move forward with nursing home placement for your loved one.  Once a suitable nursing home has been chosen based on your visitation of facilities and reviews and data such as can be found on Medicare.gov, you may wonder when to begin the process of qualifying financially and applying for Medicaid to help pay for the nursing home costs and protect your loved one’s hard-earned savings.  The answer is 

Naming a beneficiary of your vehicle in Indiana

Posted by Law Office of Glenn A. Deig on  August 25, 2022 
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During my discussions with estate planning clients, many times the topic of leaving a certain vehicle to a certain beneficiary comes up. Clients will say, “if I still own my RAV4 I want it to go to my grandson who is going to college.” In the past, this could only be noted in their Last Will and Testament. Today we have another straightforward option that is simple, cost effective, and avoids probate. The owner(s) of a vehicle 

Social Security Won’t Accept my Power of Attorney

Posted by Law Office of Glenn A. Deig on  July 25, 2022 
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When clients come to meet me for estate planning and a general review of their affairs, one of the first documents we discuss is a Durable Power of Attorney (“POA”).  This document can be used to name a trusted person or company to handle affairs on your behalf, even when you are no longer able to mentally and/or physically handle them yourself. This can avoid a Court being involved to appoint a Guardian.   A POA