As a parent, you want to secure your children's future, even after you pass. While estate planning is crucial, have you considered how a postnuptial agreement might protect your children's inheritance? What is a postnuptial agreement? A postnuptial agreement is a...
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Estate Planning
How often should healthcare directives be updated?
Healthcare directives are crucial legal documents that let others know your medical preferences if you become unable to communicate. Making sure these directives are current can help protect your wishes during medical situations. Learn how to keep them updated and...
When should you update your estate plan?
An estate plan is a vital tool to ensure your wishes are carried out after you're gone. But creating an estate plan isn't a one-time task. It's important to review and update it regularly to reflect changes in your life. After major life events Significant changes in...
Estate planning for non-traditional families
Estate planning can be challenging for non-traditional families and unmarried couples. Without careful planning, state laws might not align with their wishes, potentially leading to unintended outcomes. Knowing the unique considerations these families need is...
Exploring the pros and cons of a charitable trust
A charitable trust is a legal arrangement where you transfer assets to a trust for charitable purposes. It offers unique benefits and challenges that you should consider when planning your charitable giving. Understanding these can help you make informed decisions....
Why you should include business succession in your estate plan
Including what you want to happen to your business after you pass away is an integral aspect of your estate plan. Without clear instructions, your business could face uncertainty. It can lead to potential financial losses or even closure. It becomes more important in...
Do estate planning decisions regarding agricultural assets have any tax implications in Indiana?
Estate planning for agricultural assets in Indiana involves various tax implications. Farmers and landowners need to understand these implications to make informed decisions. Proper planning can help minimize taxes and preserve family farms for future generations....
Why set up a special needs trust in Indiana?
Planning for the future is crucial, especially when it involves caring for a loved one with disabilities. In Indiana, setting up a special needs trust is a strategic way to manage this. What is a special needs trust? A special needs trust is a legal setup that secures...
Strategies for estate planning with blended families
In today's world, many families are not traditional. Blended families, where one or both partners have children from previous relationships, bring unique challenges to estate planning. Developing strategies that promote fairness and harmony among family members while...
How living wills and healthcare powers of attorney differ
Being able to voice your medical care preferences is something you should never have to lose. Unfortunately, infirmities, illnesses or disabilities could rob you of the capacity to make your own healthcare decisions. This is why people make advance plans to carry out...