In the realm of personal asset protection, safety deposit boxes have long been heralded as a bastion of security. However, a deeper investigation reveals… Read More »
Category: Estate Administration / Probate
Does an Indiana Revocable Living Trust Protect Assets?
A revocable living trust is a type of trust that you can create and change at any time. You can also access and use the assets in the trust as you wish. … Read More »
Checklist–When a Loved One Passes
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.… Read More »
What Is the Stepped-Up Basis?
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 … Read More »
Some Beneficiary Designation Mistakes to Avoid
Early in my legal career a person’s Last Will and Testament dictated where a person’s estate would go to and who was in charge. Today, a Last Will and Testament is still important … Read More »