The usage and relevance of digital assets have increased in recent years. However, while more and more people own digital assets, some forget to include them in their estate plans. Here is how to account for your digital assets during estate planning: List them You...
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Should you discuss estate planning with your parents?
As we age, we start thinking about our mortality and the legacy we will leave behind. For many of us, this includes ensuring our financial affairs are in order and that our loved ones will be taken care of after we’re gone. However, we are often reluctant to discuss...
Estate planning considerations for small business owners
Owning a small business is a source of pride, but it’s also an opportunity that inspires great responsibilities. One thing that’s sometimes overlooked is the need to have an estate plan that accounts for one’s family members and their business alike. One of the first...
What happens if you die without a will?
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....
Standing in a will contest
When an Indiana resident passes away, their estate in most cases goes through the probate process. During probate, the decedent’s last will and testament is verified, and the estate's debts are settled. If the will is contested by one of the beneficiaries, a...
Tips for creating a quality estate plan
Estate planning is something that any adult living in Indiana can benefit from. For instance, having a medical directive makes it more likely that your wishes will be respected if you can't talk to a doctor directly. Having a will or trust can help to ensure that your...
How to handle unequal inheritance distributions with your children
Planning for the financial distribution of your assets after you pass can be unpleasant for many parents. Children simply are not always in the same place in life and have different needs. For this reason, parents in Indiana and around the country must rely on good...
What to know about creating a will
Everyone living in Indiana, and anywhere else in the country, should have a will. If you haven't created one, now is the time to do so. Having a will ensures that your wishes are carried out after you die. It also makes things easier for your loved ones. Planning A...
Important first steps in high-net-worth estate planning
As a general rule, financial planners consider you to be a high-net-worth individual if you have at least $1 million in liquid assets. Although Indiana does not have an estate tax, you still have multiple issues to address to preserve and protect your assets. Protect...
Qualities that make a good Southern Indiana attorney-in-fact
An attorney-in-fact, also known as a power of attorney (POA), is a person appointed to act on behalf of another person in legal or financial matters in Southern Indiana. Choosing the right attorney-in-fact in Indiana is a crucial decision that should not be taken...