Estate Planning

On March 17, the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest, ...Read More ...

When you think of a student’s to-do list prior to leaving for college, you probably do not think that completing his or her estate plan is at the top of that list. However, it should be. Estate planning for college-aged students is becoming more common and provides protection to both parents and their children while they attend college. Most students are eighteen by the time they attend ...Read More ...

In the current low interest rate environment, cemetery trusts may be struggling to generate enough income to cover the cemetery’s maintenance and care expenses. In recent years, there have been legislative changes in Indiana to address, in part, this issue. One of those changes is that the Indiana Code now allows a perpetual cemetery trust to be converted to a total return unitrust, pursuant to ...Read More ...

With the current pandemic, the issue of electronic execution of will, trusts, and other estate planning documents has risen to the forefront. There is already legislation in place in Indiana regarding electronic execution of such estate planning documents. In 2018, Indiana passed legislation for the execution of electronic wills, trust, and other estate planning. The statute, however, has clear ...Read More ...