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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...
The holidays can be a perfect time to discuss estate planning with your loved ones.
