It’s important to know how much care for a special-needs child truly costs. Parents are flexible when they’re alive and working to care for their children. These parents need something in place so a disabled child still receives care after the parent dies or is unable...
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Intentionally defective grantor trusts
An intentionally defective grantor trust in Indiana is a financial tool that can separate out income and estate taxes for some assets. This helps avoid some of the tax burden falling on the people who will inherit the assets in the trust. It's a way to allow the...
When your life changes, remember to update your will
Many Indiana residents haven’t written any type of will at all. In fact, less than half of adults in the country have created this basic estate planning document. Even if you have a will, you should update it every few years. Why should a will be updated? The most...
Facts about irrevocable trusts in Indiana
If you want to make sure that your assets go to the right people at the time of your death without any interference from anyone, you should consider setting up an irrevocable trust. An irrevocable trust essentially takes control out of your hands, so it’s not...