Establishing a legal document that dictates the handling of your estate is crucial for farmers. By creating an estate plan, you can ensure that your wishes are not only clearly stated, but that everything gets taken care of the way you want it, even when you are...
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Estate Planning
Which details should you share with beneficiaries?
Your estate plan contains confidential and personal information. Considering you have specific instructions regarding the use of your assets, you should use caution in sharing too many details. However, you may wonder if there are aspects of your plan that your family...
Succession planning considerations for family farmers
A family farm comes with distinct estate planning considerations, including succession planning. When deciding to retire, farm owners must think about their intent for the future of their business while creating a legacy for children and grandchildren. Consider these...
Estate planning for seniors with dementia
When seniors receive a dementia diagnosis, they may want to ensure that they have an estate plan in place. People may gradually lose the ability to make decisions about their everyday lives. Planning early allows them to consider the kinds of legal documents that they...
What does a special needs trustee do?
If you have a child who has a disability or other special needs, you may want to add a special needs trust to your estate plan. This type of trust gives your child access to funds to use on supplemental expenses without rendering him or her ineligible for means-tested...
Planning for the potential of estate taxes
As you work to prepare your estate plan in Indiana, you begin to notice opportunities to preserve assets from standard administrative processes that might otherwise take away from the personal wealth you hope to pass on to your beneficiaries. These may include the...
How can you prepare for your child with special needs’ future?
When you have a child with special needs, your child may depend on you for your entire life. As a parent, you have to prepare for a future where you may not be there. How can you ensure that you meet your child's basic needs without you? U.S. News explains that while...
Must have documents in your estate plan
Estate planning is never something you want to think about. Unfortunately, it is something that you have to consider, particularly when you own property. When you create your estate plan, there are a few documents that no estate plan is complete without. Will or trust...
Update your estate plan following these happy and sad events
As you go through life, you will experience many events that result in permanent changes. Some are happy and some sad, but any event that has an effect on your life going forward may necessitate a change to your estate plan. CNN Money recommends that you update your...
3 signs it is time to revisit your existing advance directive
While no one can require you to complete an advance directive, preparing one may put your mind at ease. After all, an advance directive clearly states your instructions for future medical care and treatment. If a serious illness or injury renders you incapable of...