People of all ages are living together and not getting formally married; many times because of 2nd or subsequent marriages with children from previous relationships. Most people think Indiana allows common law marriages, when a couple who has lived together a certain number of years hold themselves out as being married legally. However, Indiana doesn’t recognize a common law marriage unless entered before 1958; which would be extremely rare today. Indiana recognizes cohabitation but if couples
When I meet with clients for their estate planning, I always ask about their assets-real estate, tangible items, vehicles, boats, retirement accounts, bank accounts, collectibles, etc; but now, I routinely ask do you own any Cryptocurrency? Cryptocurrency is basically unregulated “digital cash” that is a bearer account that exists only in the digital world and stored on a digital ledger, and not regulated nor or any records kept by any government or financial institution. Over
When I meet clients and gather all the information regarding their health, assets, income, and family dynamics; one question I always ask is about the current and anticipated health of their future heirs of their estate. My role is to gather and determine what is the best plan for them. Many times, clients have young children that need a trust because of the ages. Others want a trust to control distribution to a financially irresponsible
Generally, Medicaid recipients who receive at-home, assisted living, or nursing home coverage have income limits, asset limits, and are restricted on the amount they can gift and transfer. Benefits and coverage can be lost, delayed, or discontinued, under some circumstances. There are exceptions such as allowable transfers and gifts between spouses, or to their disabled child. Most Americans, including those on Medicaid for at-home services, nursing homes, or assisted living have received several rounds of stimulus
Surviving spouses (and their families) routinely come to me after their spouse has passed away. Most times they have been receiving phone calls or written demands to pay by credit card companies. The surviving spouses many times pay before they consult with me. If they have not, I guide them through the credit card companies’ rights to pursue against a surviving spouse. It is important to know if the deceased was the primary and sole