A Will vs a Trust?


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Special Webinar: Investing in Turbulent Markets

June 22, 2022     Investing

A bear market is officially here thanks largely to stubbornly high inflation, which continues to be impacted by COVID-19, supply chain disruptions and Russian oil sanctions. As we navigate this economic instability, an inevitable question arises: How can we mitigate risk during these times of uncertainty?

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It’s Not Too Late to Make an IRA Contribution

February 08, 2022     Investing

Contributions to an individual retirement account made before April 18, 2022 can be claimed on your taxes, one of the few potential savings still available for the 2021 tax year — and a way to boost retirement income!

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Special Needs Planning

November 29, 2021     Investing

Here are the basics on preparing financially for your child with special needs. Let's explore the different considerations that your family may face over the years. 

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Putting the Trust in a Special Needs Trust

October 25, 2021     Investing

Everyone’s needs and circumstances are unique, which can make proper planning not only tricky, but often overwhelming. A Special Needs Trust can give you the piece of mind that your loved one will be taken care of. 

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Estate Planning: How to Avoid Potential Pitfalls

September 16, 2021     Investing

It's important to know what pitfalls to avoid when planning your trust. Don't leave when, what and how your estate is distributed to chance!

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The Importance of Selecting the Right Trustee

August 09, 2021     Investing

A well-drafted estate plan will fall short without an honest, detail-oriented and fair trustee. Here are some important things to consider when working on your trust.

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What is a Trust?

July 19, 2021     Investing

A living trust offers many benefits such as creditor protection, protection from taxes, protecting a minor, passing wealth outside a probate, Medicaid planning and more. How can a trust help you plan for your family's future?

Click here for all of our Investing blog articles. 

Select the title below to go to the Resource Document.

Trust and Trust Services
A will is not the only way. This brochure quickly reviews the benefits of a Trust, who would benefit from setting one up and why. 

Revocable Living Trust FAQs
This FAQ document goes into more details about how Trusts work and the process in setting one up. 

Settlement Trust Services
Life can change and so can expenses. A Settlement Trust helps guide the amount set aside in the trust to best fullfil the needs of the claimant, now and in the future. 

Spendthrift Trusts
You may be reluctant to leave a lump sum of money to a financially inexperienced loved one who is prone to irresponsible spending. A Spendthrift Trust may be a better option. 

Special Needs Trust FAQs
It can be a challenge caring for a disabled loved one. A Special Needs Trust help that the beneficiary is financially cared for later in life or if people with special needs who want to preserve their own assets.

Indiana inheritance procedures in the absence of a will

If you don't have a will or a trust, the State of Indiana decides how your estate will be distributed. The information below describes Indiana's inheritance procedures based on your marital status, and whether you have surviving children, parents or siblings.

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...with one or more living child and/or issue of deceased child (e.g., wife dies and is survived by husband and child of deceased son) OR
  • Spouse: ½ of estate
  • Child/children and/or grandchild/grandchildren: ½ estate
....with no surviving issue (e.g., child) but with living parents OR
  • Spouse: ¾ of estate
  • Parents: ¼ of estate
...with no surviving issue or parents OR
  • Spouse
...with a second or subsequent spouse, and with surviving child/ children of deceased child/children (e.g., husband dies and is survived by second wife and child from first marriage) OR
  • Spouse: ½ of personal property and ¼ value of real estate property
  • Child/children and/or grandchild/grandchildren: equal share of remaining personal property and real estate property
...with none of the above
  • State of Indiana
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...with child/children or issue of deceased child/children OR
  • Child/children and/or grandchild/grandchildren: equal shares
...without surviving children
  • Per parent: ¼ of estate
  • Siblings and nieces/ nephews: remaining estate
...and with no parents or siblings
  • Nieces/nephews: equal shares
...and with no nieces or nephews
  • Grandparents: equal shares
...and with no grandparents OR
  • Aunts, uncles, and cousins: equal shares
...with none of the above
  • State of Indiana