Trusts

When doing estate planning, it sometimes becomes evident that an heir is incapable of responsibly managing the money and resources you intend to leave them after you have left this world. Whether it’s a weakness for drink or drugs, a tendency to gamble or overspend...

An irrevocable trust can be a powerful tool for managing your assets, protecting them from creditors and reducing estate taxes. However, it’s not something you should rush into. Once established, an irrevocable trust is permanent. Once you lock in, there’s no easy...

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...

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...

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...

Estate planning involves utilizing different legal tools to protect your assets. One essential estate planning tool is trusts. There are numerous types of trusts, and it’s important to establish trusts that meet your precise needs. Here are three of the most common...

Incorporating a trust into your estate plan can help secure your hard-earned assets and ensure they are distributed according to your wishes. However, creating a trust involves several details that can lead to problems later if overlooked. Here are some common...

People who are creating an estate plan have to think about every asset they own so they can determine who to give each one to. Every asset you own should be included in the estate plan, but some assets have special considerations.  Your bank accounts are one of the...

We’ve all heard the saying, “The only things certain in life are death and taxes.” But what’s truly unfortunate is there are taxes after death! However, there are some trusts that can reduce the tax liability for your beneficiaries. What is a generation-skipping...

Those who benefit from intergenerational wealth or achieve career success may have ownership over valuable resources. They need to plan carefully to pass those resources on to their chosen beneficiaries. Many people can achieve their legacy goals with a will, but...