The assets owned by Indiana residents who die without a will are allocated to the deceased person's kin through probate court. Since there is no will instructing the executor of whom the deceased person wanted as their beneficiaries, the probate court will utilize the...
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How setting up a trust can be beneficial
Many Indiana residents have heard about trusts. However, not many people actually understand what they are and how they can be beneficial. The reality is that a trust can provide many advantages to those who are planning their estates. Avoid probate When a person...
Ways to prevent your will from being contested
When you draft your will in Indiana, you should do so with care. You want the instructions in your will to be followed to the tee. However, keep in mind that the law does allow designated people to contest a will in certain circumstances. To help prevent someone from...
Revocable living trusts have benefits and drawbacks
When Indiana residents are considering an estate plan, they can easily become confused. While many will want a simple will, others might need something more sophisticated like a revocable living trust. There are positives and negatives with this type of trust and it...
Requirements to set up a trust in Indiana
When you want to protect your assets from probate after your death, it can be beneficial to set up a trust. A trust offers a higher level of protection than a will and allows your money and assets to go directly to your beneficiaries. What to consider when setting up...
What mistakes can invalidate your will?
Many people create wills thinking they're protecting their finances and assets to ensure they're distributed to their beneficiaries following their death in Southern Indiana. Unfortunately, many people don't realize that there are errors present in their will that can...
Choosing between a revocable and irrevocable trust in Indiana
What state you live in makes a difference in what type of trust you choose. Some states don't charge high taxes on revocable trusts, and Indiana is one of those states. Three of the main factors that a grantor must consider when choosing between a revocable and...
What happens to property when no will exists?
Indiana residents may want to leave a will that provides specific instructions for the distribution of their property once they die. These legal documents also designate a caretaker for any minor children under the care of the estate planner. The estate of an...
Welcome To Our Blog
We established this blog to share stories and information about topics relevant to our practice. Our intent is to regularly provide posts highlighting legal issues of local, state and national interest that we think you will find interesting. Check back later for...
Does estate planning support charitable giving?
Estate planning allows a person to make decisions about how to distribute his or her assets in a will. Often, heirs become the beneficiaries of a will. However, the will could leave money or other property to an Indiana charity. The testator may do what he or she...