Many Indiana residents include trusts in their estate plans to reduce their estate tax exposure, give them more control over how and when their assets will be distributed, and help to avoid probate. Trusts are flexible and useful estate planning tools, but they can be...
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What happens if you die without a will?
Perhaps you have heard of estate planning, which is arranging and managing an individual’s assets, properties and financial affairs to prepare for the future. This is true, but it is not mandatory and not everyone does it. In fact, some people die without a will....
The multi-faceted role of a probate judge
In Indiana, a probate judge has a multi-faceted role that involves managing the legal matters of a decedent or and incapacitated person’s estate. Validating wills and overseeing the distribution of assets are a few of the many related responsibilities probate judges...
Guide to pour-over wills and living trusts in Indiana
There are many tools you can use for estate planning in Indiana, two of which are pour-over wills and living trusts. Both can help you transfer your assets to your loved ones after you pass away, but they work differently and have different advantages and...