Please consider joining us at the May 20, 2022 Hoosier Hills Estate Planning Council Seminar. The free public session titled “Introduction to Estate Planning” begins 11:00 am and runs until Noon in the Duke Room at the Monroe Convention Center. Details for the daylong event can be found at the HHEPC website. ...Read More ...
Estate Planning
May 17, 2021 Federal Income Tax Extension
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 ...
Estate Planning for College Students
When you think of a student’s to-do list prior to leaving for college, you may not have considered your student’s estate plan. However, it should be. Estate planning for college-aged students is becoming more common and can provide protection, comfort, and convenience to both parents and their children while they attend college. Most students are eighteen by the time they attend college. This ...Read More ...
Converting a Cemetery Trust to a Total Return Unitrust
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 ...
Electronic Execution of Estate Planning Documents
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 ...
Ownership of Real Property
Not all forms of ownership of real property offer the same rights and obligations to the owners of the property. The type of ownership of real property determines how the property is titled, the rights each owner has in the property, and how ownership in the property can be terminated. There are three different types of real property ownership: tenants in common; joint tenants with rights of ...Read More ...