Generational or dynasty trusts are powerful estate planning tools that allow families in Indiana to pass wealth down through multiple generations while minimizing tax exposure and protecting assets from creditors or divorces. These trusts are designed to preserve...
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Common types of undue influence in estate planning
Estate planning helps ensure that your assets go to the right people after your passing. However, this can only happen if your true wishes are reflected in your estate planning documents. Unfortunately, some individuals exploit vulnerable people to manipulate their...
Life insurance can help fund a trust
There are many scenarios in which testators may want to establish trusts. Those who need to provide long-term support for loved ones with special needs often create trusts. People with particularly valuable assets or large families also sometimes rely on trusts. A...
Top reasons for will contests
A will outlines a person’s final wishes, but sometimes, disputes arise. When family members or other interested parties believe something is wrong with a will, they may challenge it in court. These legal disputes, known as will contests, can be complex. Here are some...
What if their family questions the capacity of a testator?
Sometimes, the probate process moves smoothly. The testator provided clear instructions about their legacy, and everyone with an interest in the estate recognizes the validity of the documents. Other times, there may be controversy surrounding estate administration....
How do incentive trusts support long-term success?
An incentive trust can play a powerful role in estate planning by promoting responsible behaviors among beneficiaries. This type of trust sets conditions that beneficiaries must meet to access funds, encouraging them to make choices aligned with the grantor's values...