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In Indiana, the process of probate can be complex. The personal representative must fulfill certain duties to wrap up a decedent’s affairs and ensure their estate is handled properly during probate. It will need to be inventoried and appraised after the person has...
If an Indiana resident has a will, it is likely that they have selected an executor of their estate in that document. The executor is the person that will wind down their estate and ensure the provisions in the will are followed per their wishes. However, Indiana law...
One purpose for setting up an estate plan is to have the security and peace of mind that comes with knowing your property will be distributed according to your wishes after you die. You hope that having a will or other estate planning documents will prevent your...
Probate is a court-supervised procedure where estate administration, the process of settling debts and distributing assets, begins. It’s costly, it makes the estate’s contents a matter of public record and it takes time, anywhere from six months to two years. Many...
A home may be among a person’s most valuable assets, but its mortgage does not end with a person’s death. Mortgage debt may impact inheritances and the homeowner’s estate. Mortgage remains A mortgage is a lien on the property that remains until the loan is repaid,...
Digital assets are any online accounts or files that a person owns or controls, such as email, social media, cloud storage, cryptocurrency, etc. Digital assets may have sentimental or financial value, and they may also contain personal or confidential information....
When people in Indiana finally get their estate plans in place, they probably feel a sense of accomplishment. And they should—thinking through an estate plan and getting it all set up can be difficult work for some people, although it doesn’t always have to be. And,...
Sometimes a parent is no longer able to care for a child or person with special needs due to terminal illness or disability and wants to transfer custody to a trusted loved one. The parent can choose someone to serve as a standby guardian to care for the child when...
When you are appointed as an executor to administer an estate in Indiana, you have many responsibilities. You must distribute assets, pay debts, take care of any tax matters and handle any other tasks associated with closing out the estate. Your first step is...
Many people in Indiana who are thinking about estate planning are concerned about their children and other loved ones who rely on them. This is a primary reason why a comprehensive estate plan is necessary. It can also be an issue if a person is caring for an...