The value of an estate plan can provide you with ongoing support throughout your life. In addition to protecting your assets, a functional plan can also give comfort and guidance to your surviving family members. Making mistakes while you plan could jeopardize your...
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Estate Planning
What to consider when choosing a successor for your business
Business succession planning is a necessity for small business owners and entrepreneurs of all flavors. Arranging your affairs in preparation for a successor ensures that you can smoothly exit the company when you decide to retire and also prevents a worst-case...
What are some things you cannot do with your will?
A will is an important estate document. But despite how vital it is, a will is not able to do a few specific things. The American Bar Association notes the main point of a will is to determine who gets your assets after your death. It can also express your wishes and...
3 keys for successful farm succession planning
Farming has solidified itself as the heart of Indiana. As the farmer doing the work, it means more to you than just a job. According to the Glass Barn Education Center, 96% of the nearly 56,000 operations are in Indiana. As your retirement grows closer, establishing a...
3 steps for creating a special needs trust
Parents of children with special needs likely have many questions about who might care for their offspring if they pass away unexpectedly or become too ill to care for them. These individuals might obtain greater peace of mind by creating a special needs trust that...
Revocable Trusts – An Overview
For any number of reasons, people may not want the financial affairs of their estates made public after their passing. To help avoid the probate process, which would make pertinent documents matters of the public record, some consider alternative options to a...
What do executors do?
Executors hold an important role in a person's estate plan. Many responsibilities fall on their shoulders. But exactly what are those responsibilities? What parts of an estate does an executor actually oversee? Managing finances Forbes talks about the responsibilities...
Why do siblings fight over wills?
Most people know the stereotype of in-fighting in families due to a person's will or estate plan. Though it seems comical in movies, it is devastating in real life and can tear families apart. In particular, siblings have a bad reputation regarding squabbles because...
Who serves as a good executor?
Dealing with estate planning is not easy for anyone, least of all the executor. They act as a manager of sorts and have the kind of responsibilities that someone could expect of a managerial position. So who is up to the task of handling this sort of responsibility?...
Your estate plan can help protect important digital assets
The common perception of an estate plan is that it serves to pass on finances, real estate, and other tangible assets by way of certain legal documents. However, you likely have many digital assets that your family might lose if you do not include them in your will....