Estate planning is something that all Indiana residents will have to do at some point or another. Creating an estate plan before it's necessary can relieve a lot of stress and pressure from the person and their family. Beyond that, having an estate plan created early...
Estate planning and asset preservation in Indiana
Everything you own in Indiana, including your personal possessions, furniture, life insurance, home, car, investments, savings accounts and other assets, are at risk of high taxation, poor distribution and harsh creditors without proper planning. Therefore, it is...
How to account for grandchildren within an estate plan
It's not uncommon for parents to pass down assets such as an Indiana home, a bank account or a car to their children. If you have grandchildren, it's a good idea to consider how you might want to transfer assets to them as well. Fortunately, there are many strategies...
How property trusts work
A trust is a legal framework that owners can use to protect their assets during estate planning. Assets that can be placed in a trust include expensive jewelry, land, residential real estate, commercial property and vehicles. If you're an Indiana resident creating or...
When to update your estate plan
Many people in Indiana understand the importance of estate planning. However, some people create estate plans and subsequently fail to review them and make needed adjustments when the circumstances of their lives change. If you do not update your estate plan when you...
Why estate planning matters
If the state of Indiana considers you to be a legal adult, it's important that you have an estate plan in place. This is true even if you don't have a significant amount of money or valuable assets. In addition to managing your assets, an estate plan may allow you to...
Is an irrevocable trust right for you?
Creating a will or trust is a major decision that many individuals in Indiana make at least once in their lives. With an irrevocable trust, you will no longer own the assets or funds you are designating once you sign the trust itself, making it a slightly different...
Considerations to avoid probate in Indiana
Do you want to plan your estate to avoid probate? This court-supervised process of administering your will according to your wishes can sometimes delay the transfer of property to your heirs. Review the rules about probate in Indiana and strategies to help expedite...
How a special needs trust protects your child with a disability
When your child has special needs, you may need to make additional efforts to make sure your son or daughter has enough to get by on well into adulthood. Many Indiana parents who have children with disabilities help plan for their futures by using special needs...
How to prevent future family disputes when creating your estate plan
Disputes about the disposition of an estate can cause significant disruption to family relationships. People who feel excluded or treated unfairly may come to resent family members who inherited more than they did. Furthermore, they may attempt to invalidate a will,...
