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If you’re preparing for divorce or have already begun the process, it’s important to go through your estate plan, if you have one in place, and determine what modifications need to be made. Some changes can be made at any time. Others will be made automatically by the...
Estate planning should provide clarity, prevent confusion and give you and your loved ones peace of mind. However, a common and often costly mistake people make during this process is choosing to favor one heir or beneficiary over another. Whether it stems from a...
Creating a will is a deeply personal and important task that helps ensure your wishes are honored and your loved ones are protected when you’re gone. For many aging parents, it’s natural to turn to their adult children for help during this process. After all, these...
If you are like most Americans, you likely process much of your life experience online. From social media accounts and cloud storage to email and subscription services, digital assets are a significant feature of modern life. Yet, many people overlook these assets...
If you are making an estate plan, a good place to start is by writing a will. This isn’t necessarily the only document you need—you may also use a power of attorney or set up a trust. However, a will is the foundation of the estate plan. Why is a will so important?...
There’s no legal obligation to talk to your beneficiaries when drafting an estate plan. You can simply let them find out what they inherit after you pass away. You don’t even have to tell someone if you’re disinheriting them. However, if you want things to go...
Estate planning is essential for ensuring that your assets are distributed according to your wishes after your passing. However, one often overlooked aspect of estate planning is liquidity. Having sufficient liquidity in your estate plan is crucial for covering...
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 Life is going to change a lot in that time, so any estate plan they make today would be massively outdated...
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...
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...