MUNSTER | The Salvation Army of Lake County will host a Will and Estate Planning Seminar at 6:30 p.m. Tuesday at The Salvation Army, 8225 Columbia Ave. Learn how to provide and protect those you care about most at this free seminar. Gary Bonk, local estate planning attorney and Salvation Arm…
Q: In regards to revocable living trusts where each spouse is the trustee for the other spouse's trust, what must be done when one spouse dies and when the second spouse dies? Is there anything of a legal nature?
Just weeks before my father died suddenly last fall, I distinctly remember Harry Vande Velde, president and CEO of the Legacy Foundation, saying, “It’s not if you die, it’s when." We should plan for that event as well as we plan for all the others in our lives.
Q: My dad died several years ago. At the time, my mother didn't do anything to remove my father's name from anything. His name is still on the house, the car and several bank accounts. Mom is getting up there in age, and I think we should take care of this before she gets any older. What nee…
Q: Why does a person need a will if he has created a trust?
“Community is like a ship; everyone ought to be prepared to take the helm.
So I’m flipping channels on the television about a week ago. I’m not much for reality TV so it was hard to find anything I wanted to watch. I probably have five hundred channels and it seems like every one has a camera following some knucklehead around while they do something stupid.
Q: We recently gave a copy of your article on dying without a will to our daughter. She immediately asked, “If I die without a will, who will get my money if not my nieces, siblings and parents?” We thought you would be kind enough to expound on this for us.
Q: We want to set up a trust for our grandchildren's education. To save money, is it possible to set up one trust for all of the grandchildren or do we need to set up a separate one for each of them?
VALPARAISO | An Estate Planning and Medicaid Seminar will be held Wednesday at 6 p.m. at the Valparaiso Public Library.
VALPARAISO | Vogelsang Asset Management LLC will host "Family Legacy Seminar – planning and providing for your financial legacy" on March 1, 2012 at 6:30 p.m. March 1 at Strongbow Inn, 2405 U.S. 30, in Valparaiso and at 6:30 p.m. March 6 at Pottawattomie Country Club, 1900 Springland Ave., i…
Happy 2012, everyone. I can't believe 2011 is already gone. I can't say I'm going to miss it, but it sure didn't seem to last very long.
"Organizing is what you do before you do something, so that when you do it, it is not all mixed up."
As you all probably know by now, Indiana has an inheritance tax. The Indiana inheritance tax includes almost everything that transfers as the result of the death of an Indiana resident. Things that aren't taxed include real estate owned by an Indiana resident but located in another state and…
In this column, I talk a lot about how an estate plan is more than just a will or trust. Sure, getting your stuff to your loved ones is a big part of any estate plan, but it's only one part of the plan. With that in mind, I write each week about powers of attorney and living wills. I've talk…
Q: I've been putting labels on my personal property with the names of the people I want to receive the item. I know this isn't the best way to do it, but will it work?
SCHERERVILLE | An estate planning seminar is scheduled to run from 7 to 8 p.m. July 26 in Schererville.
Q: Can you designate a trust beneficiary of your bank accounts, life insurance and annuities? By naming the trust beneficiary, you could avoid transferring the accounts to the trustee but still get the trustee access to the money after death.
Recently, I wrote a column on digital estate planning. Digital estate planning is essentially planning for all of the stuff we do online. Since so much of what we do online is stored on computers other than our own, it only make sense to have a plan in place.
Q: If I have a bank account in an Illinois bank, will it still be subject to Indiana Inheritance Tax?
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It is recommended for wisdom teeth to be removed in teens to early adulthood patients. If you need to schedule an appointment, please call Stevenson & Fairchild OMS at (219) 736-1401.
Wisdom teeth are usually the last teeth to develop in the mout…
Something new for “Foodies” Join us for-Culinary Night at the CVPA on May 8 featuring gourmet cooking demonstration with wine pairings.
Briar Ridge Country Club offers a wide variety as well as a distinctly unique dining experience which will both tantalize and delight the sense.
Whether it be an elegant event in our formal dining room, a re…
Should every unit of local government ban nepotism?