More In This Category
View Transcript
Indianapolis, IN estates & probate attorney DeAnn farthing talks about whether your family will owe estate taxes when you die. She notes that a common question clients have is whether their family will owe estate taxes upon their passing. For residents of Indiana, the answer is no, as the state repealed its inheritance tax in 2013.
However, considerations become more complex when addressing federal estate taxes. While the majority of Americans are not subject to state estate taxes, certain families—particularly those who are business owners or hold substantial real estate—may have estates of sufficient value to be affected. In 2025, the federal estate tax exemption allows nearly $14 million per individual before federal estate taxes apply.
Through careful estate planning, she and her team help families maximize exemptions and minimize potential estate tax liabilities. They frequently work with business owners, individuals with inherited assets, and those with significant real estate holdings to ensure that estate tax obligations are efficiently managed and reduced whenever possible.
