On behalf of Allen Wellman McNew Harvey, LLP | Jul 3, 2020 | Estate Planning
You may have decided to create a trust as part of your estate plan. But if you have no experience with trusts, you might not realize that the kind of control you will have over your trust depends on the kind of trust you create. While many trusts exist, generally they...
On behalf of Allen Wellman McNew Harvey, LLP | Jun 19, 2020 | Estate Planning
Spouses often give one another large roles in their estate plans. If that’s your situation your marriage falls apart, however, you need to review your estate plan. If you gave your spouse certain powers, such as power of attorney, during your marriage, you may...
On behalf of Allen Wellman McNew Harvey, LLP | Jun 18, 2020 | Estate Planning
One of the biggest misconceptions about estate planning is that it is only a plan for what happens after your death. The truth is your estate plan can be much more than that. The Business Journal explains that if you utilize your estate plan correctly, it can be the...
On behalf of Allen Wellman McNew Harvey, LLP | Jun 17, 2020 | Estate Planning
The differences between a will and a trust can cause confusion regarding how quickly property transfers to beneficiaries. A will written in Indiana, for example, requires the executor to settle the estate through the probate court. This could take between six months...
by philipallenwellmanllp | Apr 9, 2020 | Estate Planning, Firm News
By Kevin G. Harvey The current COVID-19 crisis has caused a renewed focus on the need to implement an estate plan. However, Governor Holcomb’s stay at home order for Indiana, as well as federal social distancing guidelines, have presented challenges for people to...
On behalf of Allen Wellman McNew Harvey, LLP | Apr 3, 2020 | Estate Planning
Indiana residents like you put time, effort and care into creating your will or estate plan. After you die, you want your wishes carried out faithfully. For that to happen, you must pick an executor who can manage your estate well. Today we will discuss things to look...
On behalf of Allen Wellman McNew Harvey, LLP | Apr 2, 2020 | Estate Planning
If you are going through the estate-planning process, you know there are many issues to consider. Not only must you ensure that you plan for your future, but you likely want to protect those who mean the most to you. Creating a special needs trust may be an effective...
On behalf of Allen Wellman McNew Harvey, LLP | Apr 1, 2020 | Estate Planning
A will ensures that your family and friends carry out your wishes for your estate. Creating this document may provide peace of mind, as you do not need to worry about anyone you care for not receiving what you left for him or her. Making a will is an essential step in...
On behalf of Allen Wellman McNew Harvey, LLP | Mar 11, 2020 | Estate Planning
Most people hope to leave something behind for their heirs – inheritance plays an important role in helping the next generation to advance, economically. So, what happens when the deceased leaves only bills and debts? Who is responsible for repaying these debts? Do...
On behalf of Allen Wellman McNew Harvey, LLP | Feb 19, 2020 | Estate Planning
A durable power of attorney is a legal document. Its purpose is to appoint a person or persons to manage your financial affairs in the event you become incapacitated or cannot complete the tasks yourself. The durable power of attorney sets forth the specific ways in...
