Trusts and Estate Planning in Indiana
What Is a Trust and How Does It Work?
A trust is one of the most effective ways to manage and protect your assets during your lifetime and beyond. At Todd Uzelac Law, our Indiana trust attorney helps individuals and families across Merrillville, Hammond, Chesterton, and other communities in Indiana understand how trusts fit within a complete estate plan. Whether your goal is to avoid probate, plan for healthcare needs, or provide ongoing support to loved ones, a trust offers flexibility and control over how your estate is handled.
Types of Trusts for Your Needs
Every family’s financial and personal situation is unique, which is why we guide clients through the different trust options available under Indiana law.
Revocable Living Trusts
A revocable living trust allows you to retain control of your assets while simplifying future transfers. Many Merrillville families choose this option to keep their estates private and to minimize the delays often associated with probate.
Irrevocable Trusts
Irrevocable trusts offer asset protection and potential tax advantages. They’re commonly used for long-term planning and, in some cases, Medicaid eligibility.
Special Needs Trusts
Families with disabled loved ones rely on special needs trusts to ensure continued care without risking eligibility for government benefits. Todd Uzelac Law helps design these trusts with precision and compassion.
Testamentary Trusts
This type of trust is created through your will and takes effect after your passing, allowing assets to be distributed according to your exact wishes.
Trusts vs. Wills – Which Do You Need?
For many clients in Northwest Indiana, a combination of wills and trusts provides the best balance of control, privacy, and efficiency. Wills are essential for naming guardians and directing specific bequests, while trusts streamline asset transfers and help bypass court involvement. During your consultation, we’ll review your goals and explain whether a living trust, will, or both are the right fit for your circumstances.
Our Approach to Crafting Your Estate Plan
Common Questions About Trusts & Estate Planning
Do I need a trust if I have a will?
A will alone may not protect your assets from probate. A trust can streamline asset distribution and help maintain privacy.
Can I be my own trustee for a living trust?
Yes. Many people serve as their own trustees during their lifetime, naming a successor to manage the trust when they’re unable to do so.
How do trusts avoid probate?
Assets titled in the name of the trust bypass probate court because ownership transfers automatically under the trust terms.
What happens if I become incapacitated without a trust or POA?
Without proper planning, your loved ones may need court approval to manage your affairs. Establishing these documents ensures continuity and protection.
