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This is part 3 of an on-going blog series about why you need an estate plan. Often times, people wish to leave some or all of their inheritances to heirs who need help managing these assets, whether that be because the heirs are minors or maybe they have special needs...
This is part 2 of an on-going blog series about why you need an estate plan. No estate plan is ever the same because no two families are the same or have the same wishes for the distribution of their assets. In Part 1, we discussed how state law will dictate where...
What people don’t realize is that state law about inheritances don’t always follow what one might assume is common sense. One reason it is important to have an estate plan is to avoid unwanted outcomes with your assets after your death.
Powers of attorney (POAs) are popular estate planning tools. POAs allow a person (called “the principal”) to appoint a second person (called the “attorney in fact”) to act for them in financial and/or health matters. As life-spans increase, many of us are faced with...
If you have begun to plan for retirement you may own one, or several, life insurance policies. Unfortunately, depending on how these policies are set-up, the proceeds from them may be counted as part of your estate once you are gone. In some cases, insurance proceeds...
In a recent study, the United States Department of Agriculture (USDA) found that family farms make up 98% of all farms in the US and 96% of all farms in Indiana. However, an estimated 70% of US farmland will change ownership in the next 20 years, much of it out of...
An expungement is a legal process that seals records regarding most misdemeanors and felonies. Expungements are a relatively new area of law in Indiana and recently, changes have been made that increase a former offender’s privacy after the expungement is...
The holidays can be a perfect time to discuss estate planning with your loved ones.
We established this blog to share stories and information about topics relevant to our law practice. Our intent is to regularly provide posts highlighting legal issues of local, state and national interest that we think you will find interesting. Please check back...
