Trust Resources & Articles
Take important steps to secure your family's financial future and peace of mind.
Before meeting with a trust and estates attorney to finalize your plan, take some time to view and read through these resources that explain your options.
How can you protect the wealth you've accumulated and ensure your family benefits in the future? It all starts with good planning today.
The State of Indiana decides how your estate will be distributed if you don't provide a clearly defined procedure through a will or trust. These are Indiana's inheritance procedures based on your marital status, and whether you have surviving children parent, or siblings.
| FOR A MARRIED PERSON | DISTRIBUTION OF ESTATE |
|---|---|
| ...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 |
|
| ....with no surviving issue (e.g., child) but with living parents OR |
|
| ...with no surviving issue or parents OR |
|
| ...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 |
|
| ...with none of the above |
|
| FOR AN UNMARRIED PERSON | DISTRIBUTION OF ESTATE |
|---|---|
| ...with child/children or issue of deceased child/children OR |
|
| ...without surviving children |
|
| ...and with no parents or siblings |
|
| ...and with no nieces or nephews |
|
| ...and with no grandparents OR |
|
| ...with none of the above |
|
The term “issue” simply means someone descended from someone else, such as a daughter or granddaughter. The term “personal property” in these diagrams refers to those items that have immeasurable or intrinsic value, such as an old piano or a collection of personal journals. Bank accounts, pensions, real estate, life insurance, and other financially measurable assets are included in the overall definition of the “estate.”
This information is not designed, meant, nor does it constitute the rendering of legal or tax advice. You should consult with your attorney and/or tax advisor before implementing any strategy discussed here.
Trust services provided by MEMBERS Trust Company are not federally insured, are not obligations of or guaranteed by the credit union or any affiliated entity, involve investment risks, including the possible loss of principle. MEMBERS Trust Company is a federal thrift regulated by the Office of the Comptroller or the Currency.
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