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Posts tagged "Trust & Probate Administration"

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 avoid this issue, Boston University suggests holding a family meeting.

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 requires careful estate planning. According to FindLaw, people with disabilities may become ineligible for government benefits if they inherit assets in one large lump sum. A special needs trust avoids this problem by putting the inheritance in the hands of a trustee who manages your property for your loved one's benefit.

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 into retirement. Another thing you should also be considering is making an estate plan.

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 making sure their wishes are properly carried out. But, the reality is that there is far more to the job of an executor or a trustee than asset distribution.

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 focus on all of the joys you have to look forward to, it is equally important that you put plans in place to protect and provide for the people you love in the way you want to.

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 for your children, you may be particularly interested in ensuring that your grandchildren receive something from your inheritance. Such a desire is part of why the generation-skipping trust has been developed.

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