Regardless of your age, estate planning is an important and necessary part of life. Beginning the process early may help ensure your loved ones are always taken care of. Doing it wisely may even lead to reduced estate taxes, avoidance of probate and overall less...

You want to help your aging parents support themselves and remain independent while they ready for retirement in Indiana. Have you talked to them about their plans for long-term care? See what Money Crashers says about talking to your parents about advance care plans....

The passing of a loved one can be a traumatic experience. It's no wonder that heirs often want to tie up loose ends with their estate so that they can continue privately grieving their relative's loss. Sentiments such as these often lead to heirs asking why the...

As you work on your estate plans, one of the things to look into is setting up a trust. An irrevocable trust helps you protect your assets as you age and keeps them safe. It may also lower your tax burden and prevent the loss of assets if you are in debt and face...

You turn 40, and someone jokingly tells you that you better write a will. They’re just giving you a hard time for being “over the hill,” but it still makes you think. You feel pretty young, but are you too young for an estate plan -- or is it really time to get one in...

Probate is the legal process by which a court distributes someone’s estate. Before you can distribute an estate, you need to know what it includes. To work this out, the executor of the will needs to make an inventory of assets. What is an inventory of assets? An...

After a loved one dies, you might think that it would be obvious if someone tried to take something from the estate that your deceased family member didn’t intend for them to have. However, many common forms of inheritance theft aren’t obvious and largely go...

Qualifying for Medicaid as an older adult often requires careful planning. Those at or past the age of retirement may give strategic gifts to their loved ones or even place their most significant assets, like their retirement account, into a trust to ensure that their...

A trust is a valuable estate planning tool that enables the creator to pass assets down to others without having to go through the probate process. Trusts also provide a measure of privacy for all parties involved since the contents of the trust aren’t public record....

You know that your parents have not done their estate planning. You also know that they’re going to need it sooner rather than later. What you’re not sure how to do is to bring it up. It feels like it could be a somewhat awkward and difficult conversation, and you...