Estate planning is the process of arranging and managing your assets and affairs for the future, such as who will inherit your property, who will make decisions for you if you become incapacitated, and who will care for your minor children. Estate planning can be a complex and sensitive matter, especially for couples who may have different or conflicting interests and goals. Therefore, it is important to consult with a qualified and experienced estate planning
A growing white-collar crime in Indiana, and other States, is when criminals file a Deed or Mortgage against your real property to wrongfully transfer, and sell, or borrow against your equitywhen they have no ownership interest in the property. This can be accomplished in several ways such as merely forging your signature and a fake or unscrupulous notary; or, using a fake power of attorney document to execute the fake documents without your consent or
There are many tasks to do after someone passes, and it can be overwhelming to deal with them all. These tasks vary greatly for every Indiana estate. Here are some of the most common initial important legal, financial, and taxation steps after the organ or body donation, if designated, and the obituary and memorial if you are the named Personal Representative in the Last Will and Testament, or the responsible person: · Obtain certified copies
The stepped-up basis is a provision in federal tax law that adjusts the value of an inherited asset for tax purposes. It means that the cost basis (the original purchase price) of the asset is increased to its fair market value on the date of the decedent’s death. This can lower or eliminate the capital gains tax liability for the heir who sells the asset later. For example, suppose Jane bought a house for $100,000 in
When my Indiana clients come to us for crisis planning and a loved one needs to be transferred to a facility because they can not be kept at home any longer, the first question before facilities are researched, is whether assisted living or a nursing home facility is the right fit for the loved one. Assisted living and nursing homes are two types of care facilities for seniors who need help with daily tasks. The main