Many people accumulate assets during their life with the hope of transferring their wealth to their heirs. People sometimes forget estate taxes during estate planning for heirs or favorite charities. Estate taxes can reduce the size of an estate or distributions in...
Estate Planning
Gathering documents needed for estate planning is essential
Protecting your loved ones can be completed best by establishing a solid estate plan. If you want to choose who inherits your possessions, creating one is critical. Doing so allows you to minimize the odds of family disputes, and you can also name a guardian for your...
Understanding estate planning for Indiana’s blended families
Having a blended family can be a wonderful thing. However, it can also make estate planning a bit more complicated. If you have children from a previous marriage, you'll want to make sure that you take the right steps to ensure that they fit into your overall estate...
Undue influence: What is it and what are the signs?
Undue influence occurs when someone in a trusted position works to manipulate a vulnerable for the purpose of inheriting most or all that person’s assets upon his or her death. The most common perpetrators of undue influence include stepparents, children of elderly...
What new parents should know about estate planning
Preparing for a new baby can be an exciting time in your life. However, welcoming a new family member means you'll need to take a look at your estate and make changes as necessary. If you're becoming a new parent in Indiana, here are some things to keep in mind when...
Creating a last will and testament will help divide your assets
Having a last will and testament is essential when you reside in Indiana if you have assets you'd like to distribute upon your death. It communicates your precise wishes and determines how your assets should be divided when you pass away. Without this legal document,...
What to consider when choosing an executor for your estate
Naming beneficiaries is a critical aspect of creating your estate plan. It is also necessary to name someone to settle your estate's outstanding financial obligations, schedule your will's probate hearing and distribute your assets according to your wishes. These are...
Why does probate take so long?
The Indiana probate court system can be expensive and time consuming. Most people who have looked into estate planning have read about strategies for avoiding probate. But why does probate take so long and what factors make the process take even longer than usual?...
4 key times to update your estate plan
Your life in Indiana has probably changed significantly over the years. New family members have arrived while others left, your income fluctuated, and you acquired new assets. When major life changes happen, it’s important to alter your estate plan. Here are four key...
Can estate plans be private in Indiana?
Creating your estate plan can be a huge emotional undertaking, regardless of your actual health. It’s understandable for Indiana residents to want to keep some privacy during this time or avoid discussing it with anyone. While you might have the option to keep your...
