Buying a historic property can be a rewarding experience, but it comes with its unique set of challenges. These properties carry a sense of history and charm, but they also bring legal obligations that buyers should understand. Restrictions on renovations Historic...
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Indianapolis, Indiana Legal Blog
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...
The tax consequences of converting an LLC to an S-corporation
Businesses sometimes convert from a limited liability company (LLC) to an S-corporation to gain potential tax benefits. While both structures offer liability protection, an S-corporation can provide a way for businesses to save on self-employment taxes. However,...
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...
Are foreclosed homes good to flip?
Purchasing a foreclosed home to renovate and resell can be an appealing venture for many people. This approach may promise significant returns, but it's important to understand the nuances that come with buying properties under market value. Assessing the risks and...
Creating a business plan for your farm
Developing a business plan is an important step for the future success and growth of any farm. A well-structured plan provides a roadmap for operations, financial management, and long-term goals. Having a plan can truly set your farm apart as a promising business....
Mitigating tax risks when converting business structures
Transitioning from one business structure to another can offer a variety of benefits. However, it also introduces tax risks that can have significant financial implications if not properly managed. Understanding the ins and outs of these risks is crucial for a smooth...
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...
Consider these key factors when purchasing farmland
If you're considering buying farmland in Indiana, you're looking at a rewarding investment. However, several key elements should come into play when choosing the right piece of land. You should understand these factors and ensure they are in order before purchasing to...

