Rushville Republican

News

February 7, 2014

Estate Planning: What you need to know

Estate planning can be a long process but well worth it in the long run. With the help of a lawyer or attorney, the task can be completed in no time. Whether you believe it or not, just about everyone has an estate. Your estate could be your car, home, checking or savings accounts, investments personal possessions and much more.

Estate planning is basically an arrangement for distribution of one’s wealth, property and assets after they have passed in a form of a will or trust. It is best to make your own plan, if not the state will make one of their own.

“Estate planning is important because you have the absolute right to designate what you want to happen to your assets upon your death if you have not already provided for such disposition during your lifetime,” Ronald L. Wilson of Badell & Wilson, P.C. said. “By that I mean, it is your property, you should direct its distribution as you so wish rather than having the State of Indiana ultimately do that on your behalf.”

Planning your estate now will benefit you in the end. Whether you’re young or old an estate can benefit you tremendously. If you act now, you won’t have to worry about what could happen to your family if your life doesn’t follow the normal progression or even making bad decisions when you are running out of time.

“A will needs to be prepared whenever a person has assets that he or she owns in their own name, that are not jointly owned with a spouse or some other individual,” Wilson said. “That instrument, again, directs what you want to happen to those assets upon your demise. You can also establish a trust during your lifetime or in the will, which provides for distribution of your assets at your death which is advisable especially if you have children under age 18 or if you have older children who have not yet, in your judgment, achieved maturity to deal, responsibly, with assets that they control or could ultimately control.”

Text Only
News
  • Air assault helps control Yosemite wildfire PLYMOUTH, Calif. (AP) - Officials in Yosemite National Park say a relentless air assault helped limit the spread of a wildfire that has forced the evacuation of about 100 homes and sent smoke into Yosemite Valley.Park spokesman Scott Gediman says the

    July 29, 2014

  • Briefs ObituariesDavid W. Craven, 53Ronald D. Hillebrand Sr., 75Thanks!The Rushville Republican thanks the following persons for their subscription to and support of this newspaper:Dale HartwellCharles GratzerSenator Coats’ staff coming to RushvilleU.S. Sen

    July 29, 2014

  • Tornado damages city north of Boston REVERE, Mass. (AP) - A storm system that wreaked havoc across the eastern U.S. spawned a tornado just north of Boston on Monday, causing extensive damage in the coastal city of Revere, where roofs were ripped off buildings and dozens of large trees w

    July 29, 2014

  • nws-rv072914-BBC logo Rushville is finalist for award MUNCIE - Building Better Communities (BBC), the outreach and engagement division at Ball State University, today announced nine finalists of the 2014 Primacy of Place Community Awards Program (PoPCAP.)The program, launched in 2013 by BBC and the Indi

    July 29, 2014 1 Photo

  • nws-rv072914-Hogsett pic Hogsett to join Bose McKinney & Evans INDIANAPOLIS – The law firm of Bose McKinney & Evans LLP is pleased to announce that Joseph H. Hogsett will join the firm effective August 1, 2014 as a partner in the litigation practice group, concentrating on internal investigations and corporate a

    July 29, 2014 1 Photo

  • Amphitheater to get new structure After the concert series winds down for the season, things are looking bright for a new shelter near the Riverside Park Amphitheater.With the help of Farm Credit and other sponsors, a new permanent shelter will be built to replace the tent that has b

    July 29, 2014

  • RCS and Chamber working together for kids The foundation for a new collaboration between Rush County Schools and the Rush County Chamber of Commerce was recently laid at a reception held by the Chamber board of directors for members of the Board of Education. “It didn’t really take long for

    July 25, 2014

  • Briefs ObituariesDavid W. Craven, 53Ouida Jaunice Howington, 84Kenneth L. King, 62Aaron Lee Meal, 40Thanks!The Rushville Republican thanks the following persons for their subscription to and support of this newspaper:Bowles Barber ShopFrances MozingoDo you

    July 25, 2014

  • rv 072514 cutout sundae July 25 National Hot Fudge Sundae Day Today is National Hot Fudge Sundae Day! A sundae is the perfect treat to enjoy on a summer night. The cold ice cream paired with a warm, chocolate topping is one of the most delicious combinations known to man. Add some nuts, whipped cream, and cherr

    July 25, 2014 1 Photo

  • Pope meets Christian sentenced to death for faith ROME (AP) - Pope Francis met privately Thursday with a Sudanese woman who refused to recant her Christian faith in the face of a death sentence, blessing the woman as she cradled her infant born just weeks ago in prison.The Vatican characterized the

    July 25, 2014

Featured Ads
AP Video
Raw: Japanese Soldiers Storm Beach in Exercises Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA Two Women Narrowly Avoid Being Hit by Train In Virginia, the Rise of a New Space Coast New Sanctions on Key Sectors of Russian Economy Crayola Announces Family Attraction in Orlando US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.