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administration and guardianship needs
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...
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...
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,...
In our state, adult guardians and guardianships refer to a designated person or entity who is appointed by a court, usually a family court, who is responsible for the care and supervision of an adult. They can also be appointed to care for that person’s Mooresville,...
Residents who are far-sighted enough to create an estate plan will often ask a friend or other trusted individual, such as an attorney, to serve as executor when the will’s maker dies. Often, death comes unexpectedly, and the person who agreed to be the executor is...
You are going through a grieving period because your loved one passed away. It is most likely a very emotional and difficult time for you. Once you get through the initial grieving period, you will have to start thinking about what you need to do to manage your loved...
Receiving an inheritance can be viewed as a financial windfall. But it can also end up as a lost opportunity or frittered away. Seventy percent of wealthy families in this country lose their wealth by their second generation and 90% lose it by their third generation....
After a loved one dies in Indiana, their will or the court may have named you as the executor of the estate. This means you will see the estate through the probate process. Probate is the process in which assets are collected, heirs are notified, debts and taxes are...
A power of attorney (POA) grants to one individual – the agent - the legal authority to handle certain identified matters for another. When made durable, the POA remains in effect even if the individual who has granted the authority – the principal - becomes...
Special needs trusts represent an effective means to help a loved one without them potentially losing eligibility for programs that mandate income levels at a certain limit. Specifically, it allows someone who is physical challenges, mentally disabled, or chronically...