Author Law Office of Glenn A. DeigPosted on Categories Asset Protection, Estate Administration / Probate, Planning There are different ways to handle bank accounts for estate planning purposes. If a client merely adds a Payable on Death (“POD”) designation on a bank/credit union account … Read More »
Author Law Office of Glenn A. DeigPosted on Categories Estate Administration / Probate, Estate Planning During my discussions with estate planning clients, many times the topic of leaving a certain vehicle to a certain beneficiary comes up. Clients will say, “if I still own my RAV4 I want it to go to my grandson who is going to college.” … Read More »
Author Law Office of Glenn A. DeigPosted on Categories Estate Administration / Probate, Planning, Trust & Wills To avoid a formal estate in the Court system, before July 1, 2022, the probate estate of the decedent must have been less than $50,000 less liens, encumbrances, and funeral expenses. … Read More »
Author Law Office of Glenn A. DeigPosted on Categories Asset Protection, Estate Administration / Probate, Estate Planning, Planning, Real Estate Last month’s article discussed a Life Estate Deed and the pros & cons of this estate planning document. This month is related, but a discussion of a different estate planning document, the Transfer on Death Deed (TOD … Read More »
Author Law Office of Glenn A. DeigPosted on Categories Asset Protection, Estate Administration / Probate, Estate Planning, Planning, Real Estate A parent routinely comes in and will say: “I want to put my house into my kids’ names while I’m alive to protect it and avoid probate, but I do not want them to be able to kick me out!” There are several options in Indiana, but a Life Estate Deed is one.… Read More »