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On Behalf of Johnson, Carroll, Norton & Kent P.C. | Nov 11, 2022 | Trusts
Estate planning involves many steps intended to help the planner and any beneficiaries. Often, beneficiaries receive assets as specified by a will, but some accounts may transfer to named beneficiaries. Life insurance policies also name beneficiaries, and an insured...
On Behalf of Johnson, Carroll, Norton & Kent P.C. | Nov 2, 2022 | Trusts
A trust is a legal instrument into which assets can be placed in order to provide greater flexibility in asset management or to separate the assets from the current owner for tax or probate reasons. In Indiana, the parties relevant to a trust are the settlor, the...
On Behalf of Johnson, Carroll, Norton & Kent P.C. | Oct 18, 2022 | Wills
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...
On Behalf of Johnson, Carroll, Norton & Kent P.C. | Oct 4, 2022 | Trusts
Many people in Indiana may be concerned about how they will cover the costs of long-term nursing care in the future. For many seniors, Medicaid is an important lifeline to pay for ongoing nursing home care, especially as the cost of such care continues to rise....
On Behalf of Johnson, Carroll, Norton & Kent P.C. | Sep 20, 2022 | Wills
Many people think that only the wealthy need a will, but the truth is that all Indiana residents could benefit from having one. It’s a big part of estate planning that can help you plan for the future. Who exactly needs a will? Having a will An important document in...
