Recently, Allen County began participating in a state mandate for e-filing requirements. This has created some questions on what to do with certain documents, including an original Last Will and Testament previously filed with the court when opening an Estate.
According to an article published by The Indiana Lawyer (www.theindianalawyer.com), the final stop for a Last Will and Testament in the e-filing era depends on where in Indiana an estate is opened and what the local probate court demands, at least for now. Within our office, Grunden Law has established a process to not only record receipt of an original will, but also document how the will is being kept.
Many of us have revocable living trusts set forth for children and loved ones. Others have special needs trusts, irrevocable trusts, IRA trusts, and other tax strategy trusts. You may recall a discussion when these were established as to whether you should name a bank or other financial institution or someone you know to serve as trustee once you are gone. Can you answer these questions?
Knowing the costs of different types of long term care, whether the care is provided at home or in a facility, can help you plan for these expenses. Genworth just released their annual report on long term care costs (see the link below) For Indiana, it shows costs of $3,528 for an Assisted Living Facility, $6,388 for a Semi-Private room in a nursing home, and $7,665 for a Private Room. The interactive map shows you average rates throughout Indiana and the United States.