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If a relative or close friend has given you the responsibility of being personal representative (commonly known as executor) of their estate, you likely take that role and your obligations very seriously. Once they’ve passed away and it’s time to get to work, however,...
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...
For those with wealth, it is not uncommon to reserve a place for a private caretaker or nurse in their estate plan. It shows appreciation for their sacrifices and commitment to remain by your side and provide care when needed. However, your gift could cause concern...
When people start their estate planning, they often wonder whether they need to update their will or living trust every time they buy a new car or get a new piece of jewelry. They’re concerned about what will happen to assets not specifically listed in their estate...
When a person passes away, their debts don’t vanish. Instead, resolving these obligations falls to the legal process that is part of the deceased’s broader estate administration. An estate executor or administrator is tasked with identifying and valuing the deceased's...
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...
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....
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...
Anyone who is a legal adult of sound mind can serve as the administrator of your Indiana estate after you pass away. If you're like most people, you'll probably choose an adult child, a sibling or some other close family member to serve in this role. However, it may...
Inheriting a property isn't common for most people in Indiana - it probably only happens once in a lifetime if you are lucky. As a result, many individuals don't know what steps to take after receiving news of their inheritance. If you've recently inherited a piece of...