Many people do not have estate plans. The reasoning is often that it just feels too early in life. They’re not going to need that estate plan for 20 or 30 years. Life is going to change a lot in that time, so any estate plan they make today would be massively outdated...
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Addressing a residence in a modern estate plan
Oftentimes, the home where someone lives is the single most significant financial asset in their name and the biggest contributor to their personal wealth. It therefore makes total sense that people worry about what may happen with the home where they live after they...
What happens if your loved one dies without a will?
When a loved one passes away without a will in Indiana, the state’s intestacy laws govern the distribution of the estate. These laws outline who inherits the deceased’s property based on their familial relationships. Learn more about what happens when a loved one dies...
Did a loved one leave multiple wills?
It’s not especially unusual for families to find more than one will after a loved one dies. This can happen for any number of reasons. However, if there are two or more wills with no clear indication that one replaces the other, you can surmise that they never got...
Digital assets in estate planning
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...
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...