If you use a trust as part of your estate plan, one option you have is to give out the money from the trust only when your children reach a certain age. For instance, maybe your children just started college. They're in their late teens. You want to make an estate...
Estate Planning
What to consider for charitable giving
One of the often-overlooked aspects of estate planning tends to be how the individual decides on charitable giving. Many older residents in Indiana are unaware that giving to a charitable organization can reduce taxes on their estate. You aren’t saving more money by...
A comprehensive estate plan has many components
Your estate plan is the set of instructions that your loved one will follow when you pass away. There are often several documents that come together to create this plan, so you should make sure that you have everything you need to convey your wishes. We are here to...
Make your estate plan show your wishes clearly
Creating your estate plan isn't always easy, especially when you have a big family. You probably want to make sure that you are taking care of everyone. Sometimes, people worry that they are doing things fairly. What many people don't realize is that fair might not...
Estate planning is necessary for single adults, too
It is easy to think that only people who have children and those who are wealthy need to make an estate plan. This is far from the truth. Even a single person who doesn't have children and doesn't have considerable assets should have a plan in place. You have to...
Answers to some common questions about estate planning
Estate plans provide peace of mind, so they're essential for everyone. Even if you don't think you have much in the way of assets, an estate plan is in your best interests and those of your loved ones. Let's answer a few common questions about estate plans. What are...
Understand the importance of your estate plan
When you're first looking into planning for your future, one of the things you may want to get more information on is estate planning. When you begin to gather assets, start a family and grow older, having an estate plan in place is a good way to protect everything...
What are your responsibilities as executor for your parent’s?
Have you been named to be the executor of your parents will and don’t know exactly what you are supposed to do? The simple answer to what your responsibilities are as an executor is, you have been entrusted to carry out the last wishes of your parents. In the role of...
What are 3 steps to begin planning your estate?
If you have not yet started to plan for your estate's transfer to your heirs, there has never been a better time than now to begin estate planning. With every estate plan, having a will is also important. Both of these documents are legally binding and can help...
Avoid these mistakes when estate planning
There is no right time to start your estate planning. The best time to start is right now, no matter if you are single, just married, a college student or at retirement age. The important thing is to make sure you have a plan in place. However, it is not something...
