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...
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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...
About contesting a trust or will
When someone passes away in Indiana, the distribution of their assets can create conflict between family members. If there is a will or trust in place, it is meant to provide clear instructions for the distribution of assets. However, when the validity or...
What does it mean to be an executor of a will?
A close friend or a family member has asked if you will be the executor of their Indiana will. You've agreed to do so, but do you understand what an executor is and the duties of being one? Definition of an executor An executor of a will serves as the legal...
Answering questions in writing a living will
When considering writing a living will in Indiana or anywhere else, you'll need to ask yourself some questions. These questions will help ensure that your wishes are accurately reflected in your document and properly executed. Health questions One important...
Common challenges of estate planning for a blended family
When you are estate planning in Indiana, one of the most important things to consider is your family situation. If you have a blended family, there are unique challenges that you will need to account for. Making sure that all parties are in agreement When you have a...
Now you can execute and revoke a will electronically
Indiana is one of only a half-dozen states that allows people to create a will electronically. Specific legal provisions have made electronic wills, or e-wills, a viable and legal alternative to paper wills. Here are the steps you must take to execute or revoke an...
What do you need to know about an intestate estate in Indiana?
An estate without a valid will in Indiana is intestate, which means that the court will distribute it based on state intestacy laws. There is a specific system to follow to ensure the court divides property consistently in every situation. Excluded assets Any asset...
