Planning for Pets

Many of our wonderful clients are animal lovers (we are too!)

Your creatures are quirky and beloved members of your family but, alas, they can’t take care of themselves. And some pets-like parrots-live for a long, long time.

We regularly provide for pets in people’s estate plans.

While you can’t leave money property directly to a pet, you can name a caretaker in your will and leave that person money to care for your creatures.

You could also consider the use of a pet trust, where a trustee of your choosing makes payments on a regular basis to your pet’s caregiver and pays for your pet’s needs as they come up.

Questions about planning for your pet?

Bring them to meet us (yes, really.)

Caregiver Crossing

We have a face for radio!

Big thanks to Emmis Communications & our friends at Joy’s House for inviting Stasia to join them for “Caregiver Crossing,” a program designed to provide information and support to anyone caring for a loved one. (They even provided Girl Scout cookies for sustenance.)

Stasia discussed ABLE accounts, along with Indiana State Treasurer, Kelly Mitchell, and Amy Corbin, the Executive Director of Indiana’s ABLE program, INvestABLE Indiana.

Earlybirds can tune in to Caregiver Crossing on 93.1 FM WIBC this Saturday morning, March 9th, from 7-8 am, or we’ll post a link to the podcast when/if one comes available.

ABLE accounts, also known as 529A accounts, allow eligible individuals with disabilities to save for their future and pay for disability related expenses. Savings in ABLE accounts do not affect certain means tested benefits.

Questions about ABLE accounts or broader-scale estate planning for your loved one with special needs?

We can help.

New Bill Proposes Tax Credit for Contributions to INvestABLE Indiana accounts

ABLE accounts, also known as 529A accounts, allow eligible people with disabilities and their families an easy way to save money (up to a certain threshold) without jeopardizing their benefits for Medicaid and Social Security.

Indiana’s ABLE program (INvestABLE Indiana) was launched in 2017 and we regularly recommend it to our clients with disabilities and their families.

Now, Indiana ABLE Authority and the Treasurer’s office are working to improve the program by the addition of a tax credit.

INvestABLE Indiana accounts currently do not afford the same tax benefits as the CollegeChoice 529 programs, but Senate Bill 559 and House Bill 1350 are before members of the Indiana General Assembly this session. This legislation would correct that dissimilarity and provide contributors of both programs the same tax incentives.

The digest of the language for both introduced bills is as follows:

“ABLE account tax credit. Creates a stand-alone credit for contributions to Indiana ABLE accounts. Provides that a taxpayer is entitled to a credit against adjusted gross income tax equal to the least of: (1) 20% of the amount of the total contributions made by the taxpayer to an account or accounts of an Indiana ABLE 529A savings plan during the taxable year; (2) $1,000; or (3) the amount of the taxpayer’s adjusted gross income tax for the taxable year, reduced by the sum of all allowable credits. Provides that a taxpayer is not entitled to a carryback, carryover, or refund of an unused credit. Provides that a taxpayer may not sell, assign, convey, or otherwise transfer the tax credit. Provides that an account owner of an Indiana ABLE 529A savings plan must repay all or a part of the credit in a taxable year in which any nonqualified withdrawal is made. Provides that a rollover of assets or transfer of assets to an Indiana ABLE 529A account is a qualified withdrawal from a college choice 529 education savings plan.”

We’ll definitely be watching the progress of this bill. And we strongly support any legislation that further incentivizes opportunities for financial literacy and mobility for people with disabilities.

A Benefit for Gigi’s Playhouse, Indianapolis

As an extension of her law practice, Stasia regularly performs at musical events benefitting local organizations who support elders and children with special needs.

“Such A Night,” presented by Eskenazi Health, will be held on the evening of January 12th, 2019, at the Hi-Fi in Indianapolis.

Proceeds from this event will benefit our friends with Gigi’s Playhouse Indianapolis, and several wonderful local and regional performers will be recreating the music from The Band’s “Last Waltz.”

Stasia will be appearing as Emmylou Harris for the evening.

Hope that you can join us for good music by good people for a GREAT cause!

Happy New Year

Happy New Year to you and yours!

Here’s to eating clean, moving more, being more intentional with time, and getting those little ducks in a row.

We usually get a deluge of estate planning inquiries in January as people make good on those resolutions.

Let us know if we can help.

Home for the Holidays?

Planning travels to see family in the coming weeks?

In between cookie baking and movie marathons, many clients have shared that these visits are a good time to take stock of any changes in an elder loved one’s health, appearance, or environment.

If you notice changes during your visit, try to gently assess the circumstances while you’re together to determine if help is needed.

We’re here to serve as an elder law resource, but we’re also happy to serve as “connectors” to other community resources for your family.

Safe travels and warm wishes during your holiday season . . .

All Access Pass-Providing Additional Benefits for Hoosiers Receiving Medicaid

Public Service Announcement:

We attended Winterlights at Newfields this weekend-just one of countless wonderful holiday activities around Indy. It was breathtaking.

If someone in your family receives health care via Medicaid or participates in certain other state assistance programs, then you should definitely know about the Access Pass!

Here’s how it works-Families that meet the requirements can visit all participating locations (think Winterlights, The Children’s Museum, Conner Prairie, The Eiteljorg, etc) for just $2 per family member per visit, for up to two adults and dependent youth living in the household.

We love seeing increased accessibility for these sorts of cultural events.

(And-in related news- we also love seeing increased accessibility for legal services-which is a major motivator for what we do.)

Learn more about the Access Pass Program here.

Happiest of holidays to you and yours.

 

Thankful for the “Helpers”

In this season of Thanksgiving, it occurs to us that we regularly have the privilege of working with and knowing some pretty selfless and incredible “helpers” in our community.

Our clients are grandparents, aunts, uncles, moms, dads, and dear friends who care for vulnerable children, enable elders to remain in their homes, serve as legal guardians, and support people with disabilities (while still encouraging their autonomy.)

It’s very possible that YOU are one of these people.

If so, we want you to know that we see you. We are grateful for you.Your efforts are not invisible. They are, in fact, life-changing.

We are thankful for your hands that help.

Wishing you and yours a lovely and peaceful Thanksgiving…

Estate Planning for Young Adults

Independence and Autonomy: Supported Decision-Making for People with Disabilities

Although we regularly assist families with adult guardianship proceedings, our first line of inquiry is always how we can best encourage the independence and autonomy of a person with a disability.

Supported Decision-Making (SDM) is a way that some people with disabilities (or any of us, really) can use available supports to make their own choices and direct their own lives.

In SDM, the person with a disability chooses a group of people (“supporters”) who help the person make decisions. The person with a disability, however, makes the final decision.

The relationship between the person and his or her supporters can be written in a Supported Decision-Making Agreement. The agreement can then be used to show other people (like schools, doctors, or service providers), who can be involved in the decision-making process. It also helps to make sure that the person’s supporters are all on the same page about how to best support them.

SDM can be used alone or even in the context of a guardianship, where another person is appointed by a court to help.

Questions about Supported Decision-Making or guardianships?

We can help.