Adults in Indiana with sizable personal resources often expect their holdings to transfer to the beneficiaries they select, including family members, close friends and charitable organizations. However, probate laws in Indiana allow outside parties with an interest in...
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How entrepreneurs should plan their estates
Planning your estate in Indiana can be a very complex affair. It becomes even more complicated when you have a high net worth. This is particularly true with people who have recently started a new business. In this case, you want to be sure that your startup will be...
Avoid these common mistakes while updating your estate plan
Indiana adults should have estate plans in place that allow them to provide for their loved ones after passing away. While an estate plan is an incredibly smart thing to have, it's possible to make mistakes when preparing or updating one or more of its components. To...
Discussing estate planning to your parents
Adults are expected to include parents in their estate plans. However, parents often sign the documents without understanding the entire legal process. Managing and distributing a person's estate in Indiana is a collective agreement in most families. Planning for...
Understanding the basics of your will
Making a will is generally a simple, straightforward process in Indiana. There are only a few requirements to follow in every state. There are several, basic facts to know about creating, managing and carrying out a will. The state's requirements Every state has...
Wills: Common mistakes to avoid
Many people don't have wills, and the number of people who have a will in place is decreasing. One survey indicated that only 32% of adults in the US said they had wills or other estate planning documents in 2020. If you're an Indiana resident, here are some important...
Estate planning for blended families
Estate planning is something that every Indiana adult should do. It’s especially important to secure the future of your loved ones when you have remarried and have a blended family. Here are some steps you need to take. Make changes to your will Changing your will is...
Reasons a will could be contested
When someone dies in Southern Indiana, the family is often called for a will reading. This is when the details of the will are given to the family so that they know how the person's assets should be divided. However, there are a few reasons why this important document...
What you need to know about special needs trusts
If you have a loved one with special needs in Evansville and Southern Indiana, you know how important it is to provide for them financially. A special needs trust can be a great way to ensure that your loved one continues to receive the care and support they need even...
What you need to know about estate executors in Indiana
In estate planning, there are a few key roles that must get filled in order for things to go smoothly. One of these is the executor of the estate. The executor is responsible for carrying out the wishes of the person who created the will, and they play a vital role in...