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On Behalf of Johnson, Carroll, Norton & Kent P.C. | May 4, 2023 | Trusts
Indiana law allows you to create an inter vivos trust as part of your overall estate plan. One of the key benefits of such a trust is that you can name yourself as the trustee, which means that you have control over trust assets during your lifetime. When you pass...
On Behalf of Johnson, Carroll, Norton & Kent P.C. | Apr 18, 2023 | Wills
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...
On Behalf of Johnson, Carroll, Norton & Kent P.C. | Apr 5, 2023 | Trusts
Many Indiana adults include trusts in their estate plans to avoid probate, reduce federal estate taxes and ensure that their assets are distributed according to their wishes after they pass away. Trusts were once commonly used to divide income among several...
On Behalf of Johnson, Carroll, Norton & Kent P.C. | Mar 22, 2023 | Trusts
When preparing an estate plan, some people might not know that they have options other than writing a last will and testament. Creating a revocable or irrevocable trust could be the appropriate decision. Researching the purposes and potential upsides of trusts is...
On Behalf of Johnson, Carroll, Norton & Kent P.C. | Mar 9, 2023 | Probate, Wills
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...
