Estate planning is not something you set and forget. Life changes, and so should your estate plan. Regular updates ensure that your assets, loved ones, and medical wishes are always in line with your current circumstances. Without timely updates, your estate plan...
Estate Planning
Are DIY wills valid in Indiana?
Drafting your own will might seem like an efficient way to manage your estate, but it's essential to understand the legal framework in Indiana. DIY wills can be valid, but they must strictly follow state law. Failure to meet these standards can render the document...
What is the role of an executor in estate planning?
When creating an estate plan, one of the most important decisions is choosing the executor. This person ensures your wishes are carried out after your death and manages the distribution of your assets. What an executor is responsible for The executor manages your...
What is a survivorship clause?
Estate planning often includes legal language that can feel overwhelming. One important term you may come across is the "survivorship clause." This clause plays a big role in deciding who receives property after someone passes away. How a survivorship clause works A...
Why do you need a durable power of attorney?
Estate planning involves preparing for the unexpected, and one crucial document in that process is a durable power of attorney (DPOA). The durable power of attorney can play a significant role in protecting your interests. What does a durable power of attorney do? A...
When should you consider guardianship for your loved one?
A person should consider guardianship for their loved one when they are unable to make safe and informed decisions for themselves. This is often because of a sudden illness or a long-term disability. Depending on the court's decision, a guardian has the power to make...
How can you secure your special needs child’s future in Indiana?
You face unique challenges as a parent of a special needs child in Indiana. While you manage daily care and support now, you must also plan for your child's future. A solid plan will protect your child and give you peace of mind. What does special needs estate...
What is the role of a healthcare proxy?
A healthcare proxy plays a key role in making medical decisions when you are unable to do so yourself. This person, also called a healthcare representative in Indiana, steps in if you become incapacitated due to illness or injury. Choosing the right proxy ensures...
How can you reduce your estate tax burden?
Estate taxes can significantly impact the wealth you leave behind for your loved ones. However, with careful estate planning, you can minimize this financial burden. Below are strategies you could consider to help you reduce estate taxes and preserve more of your...
Why should you consider a power of attorney in your estate plan?
When planning for your future, you might have heard the term "power of attorney" thrown around. But what exactly is it, and how can it benefit your estate plan? It is essential to understand this important legal tool and why you might want to consider it. What is...
