The executor of your estate is the person who is entrusted to follow your wishes, settle your debts and distribute your remaining assets to your heirs. They’ve got a big job ahead of them when you die. Most people pick their spouses or adult children to be their...
estate administration & probate
Filing and paying taxes are important parts of probate
Settling or administering an estate, possibly with the help of the probate court, is a complex process that requires a lot of work and attention to detail. One of the first steps and executor will need to take is to make an inventory of all the assets that the...
Who pays your parents’ debts when they die?
Your dad was terrified of flying. So when he was alive, your parents’ holidays were limited to places they could reach in the car. When he died, mom decided to travel to all those places she had never been able to. Over the last year, she visited Venice, took a yoga...
The importance of planning guardianship for your children
Have you seen the movie “Annie” about an orphan girl? Things come right for her in the end, but life is pretty tough as a child without parents. Have you considered the possibility that your children could become orphaned? You and your spouse get in the car to head...
You can step up as guardian for your ailing older parent
It can be difficult to watch the parent who raised you struggling with the ailments of advanced age. From trouble moving around the house to a decline in mental acuity, the consequences of aging can change someone and make them far more dependent on others than they...
Signs that you may need to step up as a guardian for a parent
Aging is hard on the body and on the mind. As your parents get older, you may notice signs that they aren't quite as mentally sharp as they used to be. Many older adults experience mild cognitive impairment as part of the process of aging. In some cases, if the...
How to pass first-generation wealth safely to your heirs
You’ve always been an entrepreneur, and you’re proud of the tidy little empire you’ve built. You’ve been an excellent provider for your family -- but you’re very conscious of the fact that it can be hard for people to manage inherited wealth without losing it all....
What duties will you perform as an estate administrator?
When you agree to become the executor of someone’s will and therefore the administrator of his or her probate estate after (s)he dies, you take on a substantial responsibility. The main thing you should keep in mind is that you have become a fiduciary. What this means...
When should you disinherit a child from your will?
Once your estate plan is set up and you have determined your heirs, it is not enough to assume it is done and forget about it. The truth is that you may have to change your will several times before it is used. One of these situations comes when parents in Indiana...
Why should I update my estate plan?
Are you an Indiana resident who already has an estate plan written? While this puts you ahead of the game, it is not where estate administration ends. Your estate plan is a lifelong project that you will have to keep updated and change in accordance with the changes...

