Estate Planning and Personal Services Blog
Friday, August 26th, 2011
New Law Releases Confidential Information Concerning Oil and Gas Lease Production and Ownership
Prior to July 1 of this year, Indiana Code provided that all information related to earnings, income, profits, losses, or expenditures given to an assessing official is confidential. This confidential information included earnings, income, profits, losses, and expenditures related to production of oil and gas. This oil and gas production information is—and continues to be—reported to the assessing officials on a form called a Form G&O-1 by the purchaser of the mineral. This form aids the assessor in determining the total taxes due and owing on producing oil and gas leases. The form includes information concerning a lease’s percentages of ownership and productivity. It also includes the names and addresses of those with an interest in the leasehold. Prior to July 1, the G&O-1 was a confidential document not subject to disclosure to the general public. It is no longer confidential. (more…)
Tags: confidential information, oil and gas leases, property tax
Posted in Agriculture Law, Estate Planning and Personal Services, Real Estate Law | No Comments »
Thursday, June 2nd, 2011
Summer break has finally arrived! The sun is warm, and the kids are out of school. It’s time to go on vacation (or so says my family!).
Many of us will head out of town this summer to take a much needed respite from work and life’s normal activities. Before leaving town, you should consider whether your estate planning affairs are in order. This includes not only having a current Will or Trust in place (you know, just in case the bungee jumping adventure doesn’t go as planned!), but also includes the following less obvious concerns: (more…)
Tags: D. Andrew Nestrick, estate planning, health care directives, power of attorney, trusts, wills
Posted in Estate Planning and Personal Services | No Comments »
Wednesday, March 2nd, 2011
Usual practice calls for a purchaser of real estate to get a warranty deed at closing. When a deed recites that the seller “conveys and warrants” the property to the buyer, if there is a problem with the title or right of possession after the closing, the seller has to make it good, except as to any problem or encumbrance identified in the deed and excluded from the operation of the warranties. This gives the buyer a claim against a seller for any problems with the title to the real estate that were not revealed by the title insurance commitment or other title search, or even if no title search or title insurance commitment was obtained (which is a bad idea for any purchaser, but that is another article). (more…)
Tags: Frederick R. Folz, title search, trust beneficiaries, warranty deed
Posted in Estate Planning and Personal Services, Real Estate Law | No Comments »
Monday, August 2nd, 2010
A recent article in the Indianapolis Business Journal noted a shocking decline in the number of notaries in Indiana in the last few years. In years past, a notary public stamp on a document seemed to be ever present and often was the distinguishing characteristic of a document with high importance. However, in 2007, the Indiana Secretary of State’s office noted almost 23,000 expirations, but only approximately 17,000 renewals or applications for new notaries. This marked a 22% decline for 2007. In 2009 the decline accelerated to 30%. This year the decline to-date is 41%. The chief legal counsel for the Indiana Secretary of State indicates that he believes the decline reflects that the type of authentication notaries do is falling out of fashion. Many companies now accept photo I.D. or confirm over the telephone or Internet. He indicated that notary publics were more popular in the days when companies and people relied heavily on postal mail. However with the increase in multiple forms of personal communication being available, the mail is not the exclusive source to authenticate the identity of someone’s signature on a document. If you have questions about notaries in Indiana, contact a Bamberger attorney.
Author: Laura A. Scott (bio)
Phone: 812.452.3557
email: lscott@bamberger.com
Tags: Indiana Secretary of State, Indianapolis Business Journal, notaries, notarize, notary, notary public
Posted in Banking and Financial Industry, Construction Law, Corporate and Business, Employment Law, Estate Planning and Personal Services, Family Law, Healthcare Industry Law, Litigation, Real Estate Law | No Comments »
Thursday, July 8th, 2010
“Probate,” as defined by the Merriam–Webster dictionary is “the judicial determination of the validity of a Will.” Under the laws of England, as transplanted to America, “probate law” refers to the body of law that has developed, both through statutes and court cases, governing the transfer of property at death and the proper handling of property that is held in a fiduciary capacity for the benefit of others. (more…)
Tags: John P. Broadhead, probate, transfer of property at death, wills
Posted in Estate Planning and Personal Services | No Comments »
Wednesday, April 21st, 2010
As the Bamberger Blog subscriber list continues to grow, we have decided to upgrade our Blog’s email and RSS service from Google Feedburner to the more enhanced Google FeedBlitz. (more…)
Tags: Bamberger Blog, subscription service
Posted in Banking and Financial Industry, Construction Law, Corporate and Business, Employment Law, Estate Planning and Personal Services, Family Law, Healthcare Industry Law, Litigation, Real Estate Law | No Comments »
