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Estate planning is not only about distributing assets after death. It is also about protecting loved ones, reducing friction during a difficult time and taking steps to help better ensure your wishes are carried out. Many people assume a trust is only for the very...
Planning for the future is rarely simple. Many people delay writing a will because it feels uncomfortable or too complex. Yet a carefully prepared will is one of the most meaningful steps you can take for your loved ones. It sets out your wishes, limits confusion and...
When we are young, having a will is something we generally consider something elderly people worry about or something that only rich people need. As we get older, it is natural to start thinking more about having a will. But is there a specific age that you should...
Trusts are highly useful tools for protecting your property during your lifetime and beyond. They can also be adapted to many purposes. That said, the extent of their protection and their adaptability depends upon the type of trust you choose. For trusts that go into...
When you go through the estate planning process in Indiana, you must decide what type of documents you want as part of your estate plan. You will most likely have a will and perhaps have a power of attorney drafted or set up a trust fund. You might also think about...
James Bohrer, partner in the Bloomington law firm of Clendening Johnson & Bohrer PC was recently elected to the Board of Directors of the Indiana Trust and Estate Specialty Board of the Indiana State Bar Association. The Indiana Trust and Estate Specialty Board certifies Indiana attorneys that meet the qualifications to be recognized as a Board Certified Trust and Estate…
Estate Planning for Tomorrow – (Download as PDF) TOMORROWITIS Why do people procrastinate, especially when it comes to something as fundamental as their Life & Estate Planning? Because it is human nature to avoid unpleasant experiences and people. Period. For example, when it comes to experiences, disability and death are certainly not at the top of anyone’s must do list. Even though…
View as interactive flash content – or – (Download as PDF) If you are single, you are in good company. Nearly half of all adult Americans are single. Being single can mean considerable personal and economic freedom. Nevertheless, just like your married counterparts, proper Life & Estate Planning is necessary to keep you in control. Disability Planning Every adult American is responsible…
Special Needs Planning – (Download as PDF) Parents of children with special needs face unique challenges, both in providing for them while both parents are alive as well as providing for them after both parents are deceased. This is true whether the children are minors (i.e., under age 18 in most states) or adults. The expenses of caring for a family member…
Joint Tenancy – (Download as PDF) Joint Tenancy is a common form of asset ownership.* If you own a bank account, brokerage account or perhaps real estate with one or more persons, then you and they may be Joint Tenants. The full legal expression for this form of...