When it comes to estate planning, things change often. Not just with your personal situation but also with the law and how that impacts the decisions you have made about your assets. Recent changes may have you rethinking the use of a qualified personal residence...
trust & probate administration
When do you need a trust?
An important part of estate planning is deciding exactly what to include in your estate and how to go about leaving your assets to your heirs. One option is a trust, which Charles Schwab explains is an agreement about asset distribution that can usually prevent the...
Can a family meeting prevent issues after you die?
Estate planning can be stressful. It is made even more so if you are dealing with difficult family members who you fear will cause trouble when you die. Nothing will stall probate in the Indiana courts as bad as arguing among family members over who gets what. To...
What is a special needs trust?
If you are an Indiana resident who has a loved one with special needs, you may hope to provide for his or her long-term maintenance after your death by bequeathing him or her with an inheritance in your will. While your heart is in the right place, this situation...
The importance of estate planning for millennials
If you are one of the many millennials in Indiana, you may be moving into your thirties and this may have you thinking differently about your life than you have up to this point. This new way of thinking might include long-term plans for the coming decade and possibly...
Selecting or updating an executor or trustee
Residents in Indiana who are creating a will or a trust will need to make many decisions. In addition to choosing what they want to happen to their assets after they die, these people will need to identify a person or a team of people that will be responsible for...
Estate planning for remarried couples
If you are one of the many people in Indiana who has been married and then divorced or perhaps has been widowed and now you are contemplating getting married again, you have good reason to feel positive about your future. However, despite your natural inclination to...
What is a holographic will?
Although it sounds like a science-fiction term, a holographic will is simply a handwritten will, written entirely by the person who signs it. You may have heard that holographic wills are not legal in Indiana, but that’s not entirely true. According to NWI Times, the...
Taxes and generation-skipping trusts
Providing financially for one's children after death has long been a common desire of people in Indiana. The legacy that can be created through an inheritance can be both sentimental and financially beneficial for generations to come. In addition to leaving something...