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Owning a will is not the only way to safeguard your future transfer of property and assets. When you have a revocable living trust (RLT), you add another layer of protection for your family and the wealth that you wish for them to receive after you pass away. To help...
Numerous complications can extend the timeline for probate proceedings. The personal representative administering the estate has to ensure that they fulfill the financial obligations of the decedent. Typically, they do so by responding to probate court creditor claims...
When someone passes away, their assets are typically distributed according to their last wishes listed in the deceased person’s will. However, every year, fewer and fewer people draft a will. When someone dies without a will, they can unintentionally create...
Special needs trusts help provide financial support for people who may never live independently. Parents who have children with debilitating medical conditions often choose to establish special needs trusts for their safety as they mature and their protection after...
A trust is a legal document that helps protect estate assets. A trustee is designated in a trust to manage and distribute trust funds. A trust works very similarly to a will. However, one of the key differences is that a trust can be used for particular purposes. One...
Estate planning is done so you can make your wishes known. This includes outlining how you want your assets distributed after you pass away. There are many things that go into creating this plan, and many requirements for people who are handling his matter. Every...
Did you know that the average cost of nursing home care in Indiana exceeds $7,000 a month? For many married retirees, a single long-term care stay can quickly drain a lifetime of savings. Retirement accounts, home equity and personal savings often disappear within...
If you’re preparing for divorce or have already begun the process, it’s important to go through your estate plan, if you have one in place, and determine what modifications need to be made. Some changes can be made at any time. Others will be made automatically by the...
Setting up a special needs trust is a major step in helping a loved one with certain disabilities live a more secure and supported life. Beyond the paperwork and planning, one key decision that can make or break everything is who you will choose to manage such a...
Estate planning should provide clarity, prevent confusion and give you and your loved ones peace of mind. However, a common and often costly mistake people make during this process is choosing to favor one heir or beneficiary over another. Whether it stems from a...