What’s this whole step up in basis thing? When we talk basis, we are talking about taxes. Generally speaking, basis equals cost. In the estate planning practice many times folks will want to get rid of their real property … Continued
Covid-19 and Estate Planning Issues We’ve heard stories all over the place of folks becoming deathly ill within days because of the Coronavirus. These stories bring up a couple of issues. First, life is precious and fragile and can … Continued
Make sure you actually complete your estate plan I recently reviewed a matter where the Decedent’s prepared a trust in the 1990s and passed away 20+ years later. Family members had copies of the trust and they were arguing … Continued
In 2020 – Why you probably don’t have to worry about Estate Taxes? The truth is that unless your are super wealthy, 11.2 million for the individual or 22.4 million for a couple, there is no need to worry … Continued
Indiana Supreme Court Relaxes Notary Rules for Estate Planning Documents On March 31, 2020, the Indiana Supreme Court relaxed the signing requirements for estate planning documents in light of the Covid-19 – coronavirus. This is a great move, especially … Continued
Will Aspirin Help Dementia? A long term study was published in the Journal Neurology that looked at the effects on aspirin in helping dementia. The theory was that some dementia is called by decreased blood supply in the small vessels … Continued
What’s The Wrong Time to Get an Estate Plan? The wrong time to get an Estate Plan is when it’s too late. If the horse is already out of the barn then there is nothing that can be done. … Continued
What Exactly is Probate? Today, I’m going to talk a little bit about the probate process and I am going to describe what is probate and why is probate needed. First, let me describe the term probate. Probate is … Continued
3 Benefits of a Revocable Living Trust Hi, it’s Guy DiMartino. I am a Northwest Indiana estate planning and probate lawyer. And today I’d like to talk about three benefits that you may see in a revocable living trust. … Continued
Trusts and Asset Protection – Will a Revocable Trust Do It? Today, I’d like to talk a little bit about trusts and asset protection. The question is can a Revocable Trust protect your asset? A lot of folks believe … Continued