Having languished since first introduced in 2006, legislation to boost support for persons with disabilities is expected to become law yet this year. When enacted it will permit tax advantaged accounts – similar to Section 529 educational plans – to be established on behalf of disabled persons.Read More
Here's another common question from clients or other advisors: Is it a good idea to have a transfer-on-death designation for assets? This will start to sound like a broken record, but it depends upon the situation.Read More
If you are contemplating a revocable or "living" trust as part of your estate plan, you should make sure that you aware of the tax consequences of the creation and funding of that trust.Read More
As we have noted before, with Indiana's unsupervised estate administration there are many instances when a trust does not offer a benefit to a client. Nevertheless, there remain several areas in which the trust does offer a comparative advantage.
Revocable trusts are popular substitutes for wills, intended to provide non-probate distribution of people's estates after their deaths, allowing them to retain control and use of their assets during their lifetimes.Read More