In Indiana, a probate estate valued at $100,000 or less is considered a “small estate” and can avoid traditional probate for deaths occurring after June 30th, 2022 (the point where legislation raised the estate cumulative value threshold from $50,000 to…
If you become too ill to speak for yourself, advance directives let you state your medical preferences and appoint someone to act on your behalf. These directives help you make decisions now about your future care. Types of Advance Directives…
An Estate Plan is a compilation of legal documents that will turn critical in the case you become incapacitated or pass away. Creating an Estate Plan is usually low on a to-do list, because no one likes to think of…
If you own a business, you likely know the extensive planning required to keep operations running successfully. Just as you devote time and attention to running your business, it is equally important to create a carefully devised estate plan to…
Do you have an estate plan? As we mentioned in previous articles, estate plans are not just for the wealthy. Whether you have a family or modest or complex assets, establishing an estate plan offers significant benefits. Even if you…
We have now concluded the third week of the new year. You have probably made a list of resolutions focusing on various ways to improve your outlook in 2019. As the holiday season fades away and we get back to…
The concept of “funding” a Trust involves transferring assets to the ownership of the trust. These assets include real property, financial accounts and other types of property. Fully funding a Trust ensures that you and your beneficiaries receive the most…
It is beyond debate that estate planning is a time and money investment that provides inestimable financial benefits for all families regardless of whether there are children or an array of financial assets. Creation of an estate plan is the…
Probate is the court process of administering an estate after the death of an individual. An estate is deemed everything a person owns, but in this context, it refers to either individually owned or trust owned property. The Probate process…
You have likely created an estate plan for yourself, but have you ever thought about creating health care directives for your college bound child? The story below outlines a scenario where these documents are beneficial and necessary. Ashley’s Story Ashley…