Ex-lawyer who bilked relatives of $1.3M gets prison sentence
A former Indiana attorney who pleaded guilty to bilking relatives out of more than $1.3 million has been sentenced to 2 ½ years in prison.
Estate
Articles
Tax court: Man can leave estate to non-biological ‘children’
Although he had no biological children, an Illinois man who spent the latter part of his life in Indiana can legally leave his estate to a couple who he considered his children under the doctrine of an in loco parentis relationship, the Indiana Tax Court decided Monday.
Pittman family dispute escalates with new lawsuit
An ongoing family dispute could cause some of the companies related to a retail real estate development in Carmel to be dissolved.
Proposed IRS regulation a taxing matter for relatives
Proposed regulations from the Internal Revenue Service confirm that blood is thicker than water, but estate planning attorneys say the new rules could hand family-owned businesses much higher tax bills simply because they are family.
Retzner: Creditors must file claims or risk losing them forever
After death of a debtor or guarantor, the rules for filing claims in an estate are extremely strict. Claims must be filed within three months of the date of creditor receiving notice of the opening of an estate administration. Additionally, claims must be filed, if at all, within nine months of the date of death, regardless of whether notice was received.
Kissel and Olimb: New law affects estate planning for digital property
The Revised Uniform Fiduciary Access to Digital Assets Act took effect in Indiana on July 1, 2016. See Ind. Code § 32-39 et seq. The new law addresses the rights of a fiduciary, such as a personal representative, trustee, attorney-in-fact or guardian, to access digital property, such as online financial accounts, emails, texts, social media accounts and online document and picture storage.
Doctor’s profit sharing plan not recoverable by slain wife’s estate
The estate of a woman whose husband shot and killed her and himself just hours after they married is not entitled to any funds from the husband’s profit sharing plan based on Indiana probate law, the Indiana Court of Appeals concluded Thursday.
Trust beneficiary’s complaint reinstated by COA
The lawsuit filed by a man who claimed the trustee of the irrevocable trust in which he is the beneficiary mismanaged assets will move forward after the Indiana Court of Appeals reversed dismissal of the suit.
Sides in Russell estate case seeking settlement
Attorneys in the estate case of deceased Celadon Group Inc. co-founder Steve Russell say they're hashing out a settlement, a move that would cease the high-profile wrangling over his $31 million estate and curtail estate losses from legal fees.
Children of trucking exec challenge will, claim wife orchestrated changes
The children of deceased Celadon Group Inc. co-founder Steve Russell claim his second wife engineered changes to his will while he suffered from dementia, boosting the amount she would immediately inherit from his $31 million estate at their expense.
With Prince’s intestate death, estate lawyers see need to educate
The apparent intestate death of Prince Rogers Nelson, who left an estate widely reported to be worth up to $300 million, prompted several Indiana lawyers to blog about their connection to his music and also use the opportunity to educate people about what happens when someone dies without a will or estate plan.
Madoff sons’ fight over cash endures long after their deaths
The trustee unwinding Bernard Madoff’s Ponzi scheme is losing patience with the estates of the con man’s dead sons.
Woman entitled to inherit estate, judges affirm
The Indiana Court of Appeals affirmed a woman was the sole heir of an estate as the only daughter, finding there was sufficient evidence for the claim and denying the deceased man’s sisters’ request for a DNA test.
Woman convicted of working for decade as unlicensed attorney
A former president of a county bar association has been convicted of using forged documents to pose as an estate lawyer for a decade even though she didn't have a law license.
COA affirms estate no longer has interest in property
The Indiana Court of Appeals affirmed a motion to dismiss as well as a motion for summary judgment after a woman sued an estate that no longer has interest in a property because that interest had passed to another person.