A power of attorney (POA) is a crucial legal document that permits someone to manage your affairs, particularly if you become unable to handle them yourself. In Indiana, like in other states, there are specific requirements that you must meet for a court to consider a...
Estate Planning
Why should you use trusts in your Indiana estate plan?
According to CNBC, of the 34% of Americans with an estate plan, only 18% of them have trusts. When planning your estate in Indiana, incorporating trusts can be a strategic move. Trusts are not just for the wealthy; they offer several benefits that can enhance almost...
What should you look for in a guardian for your children?
When crafting an estate plan as a young family, one decision that often requires thoughtful consideration is the appointment of a guardian for your children. This chosen guardian will play a huge role in their upbringing in the event of your death. To ensure that...
How should you choose your beneficiaries?
Choosing the individuals who will inherit your assets is a decision of paramount importance. It is a process that requires careful consideration and planning to ensure that people know your wishes. 1 in 6 people in America were age 65 or older in the year 2020,...
4 ways to avoid a contested will
Creating a solid will and estate plan helps secure your legacy and ensures you can provide for your loved ones. Unfortunately, the death of a loved one may lead to family members fighting about the will. To prevent potential disputes and challenges to your wishes,...
What do you need to do to set up a living trust in Indiana?
Setting up a living trust in Indiana is simple, although you might spend some time thoroughly thinking out your estate plan. Because it costs money to establish a trust, you may want to ensure that it meets your needs ahead of time. Make a list of your assets Estate...
Estate planning and projecting future assets
When you engage in estate planning in Indiana, you determine how to manage, distribute and preserve your assets after you die. One of the biggest misconceptions about estate planning is that only ultra-wealthy individuals use it. However, regardless of their financial...
Steps to consider when getting your affairs in order
The topic of planning for how financial resources get handled after death is something that many Indiana residents do not want to think about. However, planning for things like funeral costs, distribution of one's estate, and covering the expense of long-term care in...
3 components of a successful estate plan
Estate planning is a touchy subject for many Indiana residents as it forces people to consider their own mortality. However, estate plans not only provide you with peace of mind, but they also set your loved ones up to reap the benefits of your hard work after your...
What are some common reasons to revise your will?
Most Indiana adults who have prepared and estate plan have a will as one of its components. Sometimes, it needs to be updated to ensure that it’s concurrent with your life, and there are several events that precipitate the need to do so. Your marital status has...
