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Drafting an estate plan involves utilizing several legal documents. One of these documents is a will. A will can outline your wishes in terms of who should inherit your assets when you die. It can also name specific guardians to look after your minor children. Thus,...
While making your estate plan, one of your main goals may be to avoid estate disputes. Perhaps you’ve seen these play out with other families. You know that a dispute between beneficiaries can be very serious. Some people even have a falling out that is so significant...
Making an estate plan takes time, money and a great deal of thought. Hence, if you could look down from on high after your death and see someone contesting your will or trust, you’d likely be upset. Not only might you be disappointed that someone is questioning your...
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...
An executor of a deceased person's estate in Indiana usually isn't personally responsible for those debts. However, an Indiana estate representative may be taken to court pertaining to the probate process if there's reason to believe a creditor didn't get paid in a...
Indiana residents who create an estate plan might want to have both a will and a trust. The will details how a person’s property is distributed and to whom; a trust manages assets while the person is alive and in some cases after they have died. Not all wills and...
In Indiana, anyone who owns a family home should consider an estate plan for how the house will pass to their heirs. A family home is often the most valuable asset and may hold significant emotional value to your heirs, which could trigger disputes after you are gone....
One of the worst things that can happen in Indiana after you pass is to have your will contested. It will be up to you to do all that you can to avoid this. Below are some things that can you should know about will contests. Certain parties can contest your will The...