Indianapolis, Indiana Law Firm of Hocker & Associates

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What are estate planning tips for new parents?

No one likes to think about it, but tragedy can strike a young family. That’s why life insurance is important. If one parent dies, life insurance funds provide for the ongoing care of the surviving children. If both parents die, the money provides for their children through young adulthood. In most cases, term life insurance...

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How will the SECURE Act impact my estate plan?

The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 became law on December 20, 2019. It's designed to prevent older Americans from outliving their assets. The new law will have an impact on estate plans involving IRA accounts, however. An estate planning strategy called a "stretch IRA" allows IRA account holders to...

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What you should know about rent-to-own agreements when purchasing a home

Not everyone can afford to buy a house, either due to limited income or a poor credit rating. Indiana residents dealing with financial constraints may have other options, however. A process dubbed rent-to-own may be the best option, according to The Street, a personal finance publication. Rent-to-own agreements only apply to tenants who have already rented...

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The best ideas to avoid financial troubles when getting a divorce

There are several legal complications associated with getting divorced and those involving personal finances can cause a great deal of stress between divorcing spouses. By planning ahead, however, you can avoid losing certain assets, including your retirement. USA Today offers several ways you can safeguard your assets in the event of a divorce. Post-divorce budget Knowing...

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An Indiana Attorney on Why You Should Have a Trust

Make no mistake about it: trusts aren't only for the wealthy. Anyone can benefit from having a trust. Unfortunately, many people fail to see the benefit of estate planning until it's too late. For those who do recognize the benefits, last wills are often established in order to pass property and assets along to a...

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