Trusts are an important aspect of estate planning in Indiana, but if you are unhappy with the terms of a trust that you're associated with, you may be able to contest it. Read on to learn more about trusts and what steps you should take if you want to contest a trust....
Service With Confidence And Results
How to choose a trustee
One of the primary benefits of having a Trust is that you get to select someone to manage your affairs if you become incapacitated. However, it's important that you choose someone who is best suited to do so in accordance with your instructions. Otherwise, you could...
What to know about adding conditions to your will or trust
Adding stipulations to a will or trust may make it easier to control assets such as an Indiana home after you pass away. For instance, it may be possible to declare that your child won't take possession of your prized art collection until he or she turns 30. It may...
Who can contest a will in Indiana?
Following the death of a loved one, a person may wonder who can contest a will and what the process looks like. It may help to learn the ins and outs of wills in Indiana according to state law and who is legally eligible to contest a will in the event of a...
What are the benefits of establishing a family trust?
If you are like most adults in Indiana, you want a way to ensure that your family will be financially taken care of after you're gone. One way to achieve this goal is by establishing a trust. A trust can give you much more freedom and control over how you distribute...
Will excluding a child from an estate plan cause a will contest?
Contested wills and trusts sometimes happen in Indiana and other states when heirs are unhappy with what a benefactor left them. For example, excluding a child from your estate plan could result in problems down the line. You need a will Nobody wants to think about...
Should I establish a special needs trust for my child?
One of the main reasons to begin estate planning is to find a way to provide for children in the event of your untimely death. This need becomes more urgent if you have a child with special needs. Indiana residents can protect the future of their special needs...
Should you set up a self-settled trust or a third-party trust?
Choosing the right type of trust in Indiana can help you and your family get the most out of your money. Two types of special needs trusts that might be useful to you if you have a loved one with a disability are self-settled trusts and third-party trusts. Protecting...
Benefits of living trusts
In Indiana, people who are preparing their estate plans might want to consider creating a living trust. This type of trust account contains the grantor's assets to benefit them during their life. When the grantor dies, the assets are distributed to the trust...
Creating a trust for nieces and nephews
Some people in Indiana have close relationships with their nieces and nephews and want to make sure that they receive some of their assets when they pass away. While it is possible to leave assets them through a last will and testament, creating a trust and naming...