The IRS is expected to issue regulations this fall that will substantially limit the use of family limited partnerships and family limited liability companies.  These entities are often used as a method to gift assets to children and other family members at discounted values, often as much as 40%. It appears that the regulations will...Read More

In an historic ruling, the Supreme Court of the United States has declared that same-sex couples have a constitutional right to marry anywhere in the United States. Read more: Gay marriage legalized nationwide by U.S. Supreme Court, IBJ Supreme Court extends same-sex marriage nationwide, Indiana Lawyer, AP Supreme Court ruling For more information, please contact...Read More

The Month of May is “National Elder Care Month.” While Elder Law encompasses a variety of legal matters impacting senior citizens, it is important that individuals of all ages understand the necessity of basic advanced directive documents such as durable powers of attorney, living wills and health care surrogate appointments. A durable power of attorney gives...Read More

The Spring 2015 issue of the KDDK Advantage Newsletter, which provides timely legal information on a wide range of topics of interest to KDDK clients, is now available. Click to download PDF version» Would you like to receive news and information from KDDK in the future? Sign up now! 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Read More

It happens all the time:  A firearm or collection of firearms is passed down when the owner passes away.  Most gun owners do not realize that even if they provide for a transfer of their weapons upon death, their beneficiaries may be inadvertently violating the law upon taking possession. A well drafted Gun Trust can...Read More

The holidays are a time of merriment, thanksgiving and spending time with loved ones.  Often times the holiday season is the only chance to see family members who live a great distance away.  This year, while everyone is visiting, take the opportunity to talk with family about your Will, Trusts, Powers of Attorney, and other estate planning...Read More

U.S. District Judge Richard Young has ruled that Indiana’s ban on gay marriage violates the U.S. Constitution’s equal-protection clause.  This ruling comes on the heels of rulings by Federal Courts across the country similarly striking down state bans on gay marriage.  It is expected that the Supreme Court will soon hear this issue. For more...Read More

President Obama recently released his 2015 budget proposal, which includes significant changes to estate and gift tax laws. After the American Taxpayer Relief Act of 2012 (“ATRA”) was enacted, the Federal estate and gift tax rules were considered “permanent” for 2013 and beyond. For now, the proposed changes are simply part of the President’s wish-list,...Read More

Now that we have started a new year, many have set their new year’s resolutions.  Often these focus on short-term health, relationship, emotional, and spiritual goals.  However, 2014 is a great time to address a long-term financial goal: planning your estate affairs.  Sure, it’s easy to put it off for another day, but, unfortunately, we...Read More

The 2013 Indiana budget bill, which was signed by Governor Pence on May 8, 2013, included a provision repealing inheritance taxes in the State of Indiana.  The repeal is retroactively effective for individuals passing away on or after January 1, 2013. While inheritance taxes have been one important reason for people to consider estate planning,...Read More