When you get sick or injured, the weather, livestock, and equipment won’t wait for your recovery. That’s why every Indiana farmer needs a clear plan to keep operations running smoothly during a health crisis. Why incapacity planning matters for farmers Running a farm...
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Estate Planning
Can Indiana wills be handwritten?
When you consider estate planning, knowing the legal requirements for wills in Indiana is essential. Indiana does recognize handwritten wills, often called holographic wills, but they must meet specific criteria to be legally valid. Understanding handwritten wills A...
The role of a trustee in a special needs trust
A special needs trust (SNT) plays a crucial role for individuals with disabilities. It allows them to receive financial support without affecting their eligibility for government benefits. The trustee manages the trust’s funds, protects the beneficiary’s well-being,...
How does remarriage affect your existing estate plan in Indiana?
When you remarry, your estate plan may no longer reflect your current wishes. Indiana law may give rights to your new spouse that override what your previous documents say. If you want your estate distributed the way you choose, you need to revisit your plan. Your new...
What are the common mistakes to avoid when selecting a trustee?
A trustee plays a critical role in managing a trust and ensuring that assets are distributed according to the terms set by the grantor. Choosing the wrong trustee can create financial and legal issues that may harm beneficiaries. Avoiding common mistakes can help...
Should you include your children in your estate planning process?
Estate planning involves important decisions about your assets and your family’s future. Including your children in this process can offer clarity, prevent misunderstandings, and help ensure your wishes are respected. Benefits of including your children Discussing...
What are the pros and cons of creating a revocable living trust?
A revocable living trust is a legal document that allows the creator, known as the grantor, to manage their assets during their lifetime and dictate how to distribute those assets after their death. Understanding what a revocable living trust is can help you with...
Can a postnuptial agreement protect your children’s inheritance?
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...
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...