Establishing a plan for end-of-life care is a crucial step many overlook, but it is a decision that can profoundly impact your life and the lives of your loved ones. This plan allows you to maintain control over your health care choices even if you become...
Estate Planning
Strategies for minimizing taxes on your Indiana estate
Estate planning is about more than deciding who gets your assets; it also involves making sure those assets don’t get eaten up by taxes. While Indiana doesn’t have its own estate or inheritance tax, your estate could still face federal estate taxes. Fortunately, with...
Effective strategies to pass wealth to your heirs
Passing wealth to your heirs is an important part of planning for the future. It's not just about the money; it's about ensuring you take care of your loved ones, and in Indiana, there are various methods to achieve this. Writing a will A will is a fundamental...
Planning for the unexpected: Living will vs. advance directive
Unexpected events can happen to anyone, at any time. As a young adult, a sudden accident can lead to an unfortunate situation where you can no longer speak for yourself. This scenario can leave your loved ones to make difficult decisions about your medical care. But...
How to include digital assets in your estate plan
Planning for the future involves more than just physical assets. In today's digital age, it is important to also consider your digital ones. To ensure these assets will be properly handled when you are gone, it is helpful to understand how to include digital assets in...
Should you appoint a family member as trustee?
When setting up a trust, one of the most significant decisions you will make is choosing the right trustee. This person will manage your trust’s assets according to your wishes. Often, people choose a close family member for this role due to their personal connection...
How can you talk to elderly parents about their estate plan?
Discussing estate planning with elderly parents can be a sensitive topic. However, it is important to understand and honor their wishes. Learning about tips on how to broach this important subject with your aging loved ones may help. Choose the right time and place...
Traits to look for when choosing an executor for your estate
Estate planning is an important step toward ensuring the orderly distribution of your assets and realizing your final wishes. At the core of this process is selecting an executor who oversees the estate's administration. The executor plays an important role in...
3 major components of an estate plan
Planning for the future goes beyond setting your career and lifestyle goals. It must also address how you intend to protect your wealth and assets and how you wish to distribute them according to your wishes. This is where estate planning comes into play, a critical...
What to do when a loved one passes away without an estate plan
Losing a loved one is a monumental challenge, and dealing with their financial affairs can add additional stress. It may not be clear what steps to take in managing a loved one's estate, especially if they did not leave a will to make their wishes known. In Indiana,...
